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A Practical and Effective Audit Procedure for the Detection of Lapping

Question 2

Multiple Choice

A practical and effective audit procedure for the detection of lapping is:


A) Preparing an interbank transfer schedule.
B) Comparing recorded cash receipts in detail against items making up the bank deposit as shown on duplicate deposit slips validated by the bank.
C) Tracing recorded cash receipts to postings in customers' ledger cards.
D) Preparing a proof of cash.

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