A fraudulent cash scheme to overstate cash assets at year end by recording deposits in transit in both the account from which the cash is withdrawn and the account to which it is transferred is

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This is an example of kiting of cash, which involves intentionally inflating cash balances by recording transfers or deposits that have not yet cleared or posting the same transaction in multiple accounts to artificially increase the available cash balance. Lapping of cash involves concealing the theft of cash by using subsequent payments to cover earlier thefts, embezzlement of cash refers to the direct theft of cash by an employee, and restrictive endorsements of cash relate to measures taken to prevent theft or fraud, such as endorsing checks for deposit only.

A Fraudulent Cash Scheme to Overstate Cash Assets at Year