Which of the following is the best audit procedure for the detection of lapping?

Question

Quizplus · Accepted Answer

Lapping involves delaying the deposit of cash receipts and using subsequent receipts to cover the shortage. By comparing the postings of cash receipts to accounts with the details of cash deposits, an auditor can detect any discrepancies or irregularities which may indicate lapping. Confirmation, reconciliation, and preparation of proof of cash may not necessarily detect lapping.

Which of the Following Is the Best Audit Procedure for the Detection