A Lapping is a type of fraud where an employee manipulates account receivable accounts to cover up the theft of cash. This is done by diverting a payment from one customer, and then hiding the theft by diverting cash from another customer to offset the receivable from the first customer. Which of the following internal controls can prevent lapping? Adequate separation of duties between cash handling and recording. B. None of the internal controls listed can effectively prevent lapping C Cash payments need to be approved based on supporting documents, such as purchase orders and receiving reports. D. The accounting Information system automatically posts cash receipts to the accounts receivable master file and general ledger E Cash receipts are recorded daily