Lapping of accounts receivable has been used to conceal the fact that payments received on accounts receivable

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"Lapping" of accounts receivable has been used to conceal the fact that payments received on accounts receivable have been "borrowed" and used by an employee for personal use. With one or two other students, research this topic in the library. Write a paper to your instructor describing how this technique works and the steps that can be taken to detect it once it occurs and to prevent it in the future.

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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