Which of the following is an act of fraud?
A)Lapping
B)Lockbox
C)Walkthrough
D)Disclosure

Name: Which of the following is an act of fraud? A)Lapping B)Lockbox C)Walkthrough D)Disclosure
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Question

Quizplus · Accepted Answer

Lapping is an act of fraud where a perpetrator uses funds from one customer's account to cover shortfalls in another customer's account. This is typically done by applying a payment from a later customer to an earlier customer's account to cover the earlier customer's balance, and continuing this cycle.

Which of the Following Is an Act of Fraud