Which of the following defines lapping?
A) Embezzling one customer's payment and then crediting that customer's account when a subsequent customer pays
B) Stealing cash from an organization before it is recorded on the organization's books and records
C) Helping a vendor illegally obtain a contract that should have involved competitive bidding
D) Demanding a payment from a vendor in order to make a decision in that vendor's favor

Question

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Lapping is a form of fraud where a payment from one customer is stolen and then covered up by applying a subsequent payment from another customer to the first customer's account. This cycle is repeated as long as possible to conceal the theft. Option A describes this process. Options B, C, and D describe other forms of fraud but do not involve lapping.

Which of the Following Defines Lapping