Which one of the following types of cash defalcation is LEAST likely to be detected by an auditor?
A) that which occurs before the cash is recorded
B) that which involves EFT
C) that which occurs after the cash is recorded but before it is deposited in the bank
D) lapping

Question

Quizplus · Accepted Answer

Cash defalcation that occurs before the cash is recorded is least likely to be detected by an auditor because there is no record of the cash having been received, making it difficult to trace or verify its existence.

Which One of the Following Types of Cash Defalcation Is