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Describe the fraudulent conduct known as (1) lapping and (2) kiting. a. What steps should be taken to prevent each one, that is (1) an

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Describe the fraudulent conduct known as (1) lapping and (2) kiting. a. What steps should be taken to prevent each one, that is (1) an (2) b. What steps should the independent auditor take to detect each one of them if they are present? Your score will be determined by the comprehensiveness and correctness of your answers. Explain each step in detail

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