Audit tests to detect lapping involve which of the following?
A) confirm accounts payable
B) compare details of cash disbursements journal entries with the details of corresponding daily deposit slips
C) prepare a bank transfer schedule
D) make a surprise cash count
E) use a bank cutoff statement

Question

Quizplus · Accepted Answer

Lapping involves the misappropriation of cash receipts, and a surprise cash count can help detect discrepancies in cash handling that may indicate lapping.

Audit Tests to Detect Lapping Involve Which of the Following