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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 60
Which of the following might be detected by auditors' cutoff review and examination of sales journal entries for several days prior to the balance sheet date?
A) Lapping year-end accounts receivable.
B) Inflating sales for the year.
C) Kiting bank balances.
D) Misappropriating merchandise.
A) Lapping year-end accounts receivable.
B) Inflating sales for the year.
C) Kiting bank balances.
D) Misappropriating merchandise.
Explanation
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Verified
• Lapping is related to to cash receipts...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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