The auditor may discover evidence of lapping by preparing an interbank transfer schedule.

Name: The auditor may discover evidence of lapping by preparing an interbank transfer schedule.
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An interbank transfer schedule is used to detect kiting, not lapping. Lapping involves concealing the theft of cash by delaying the recording of payments, which is typically detected through reviewing customer account records and comparing them to cash receipts.

The Auditor May Discover Evidence of Lapping by Preparing an Interbank