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Which procedures should the auditor perform to detect lapping? (Several choices may be correct.) A) Make a surprise cash count. B) Confirm accounts payable on
Which procedures should the auditor perform to detect lapping? (Several choices may be correct.)
A) Make a surprise cash count.
B) Confirm accounts payable on a surprise basis at an interim date.
C) Compare details of cash receipts journal entries with details of corresponding daily deposit slips.
D) Review the bank reconciliation at the balance sheet date.
E) Confirm accounts receivable at the balance sheet date.
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