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    Auditing and Assurance Services Study Set 2
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    Exam 14: Audit of the Sales and Collection Cycle: Tests of Controls
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    Explain What Lapping Means, and Discuss the Internal Control Deficiency
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Explain What Lapping Means, and Discuss the Internal Control Deficiency

Question 93

Question 93

Essay

Explain what lapping means, and discuss the internal control deficiency that allows it to occur. Also discuss the procedures the auditor can perform to detect lapping.

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Lapping, which is a common type of embez...

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