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Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 266 / 352

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© D.L. Crumbley

Lapping

Recording of payment on a customer’s account some time after receipt of payment. Later covered with receipt from another customer (robbing Peter to pay Paul).

Lapping is more successful where one employee has both custody of cash and record keeping responsibility.

Audit Steps

Independently verifying customers who do not pay.

Reviewing write-offs.

Reviewing customers’ complaints.

Lapping

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