Audit Tests to Detect Lapping Involve Which of the Following

question 66

Multiple Choice

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

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Definitions:

Plaintiff

A legal term referring to the person who initiates a lawsuit in a court of law against another party.

Defendant

The individual, company, or institution sued or accused in a court of law.

Timely Filed

Refers to documents, claims, or appeals that are submitted within the specified time limits set by law or court order.

Injunctive Relief

A court-ordered act or prohibition against certain actions that might cause harm to the plaintiff, serving as a remedy in legal disputes.