When lapping occurs,all or most customer account balances will be overstated at any one time,making it relatively easy for auditors to detect the scheme.

Question

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Lapping involves manipulating accounts receivable to cover up theft, which can make it difficult for auditors to detect since the perpetrator typically manipulates records to keep account balances appearing normal, not necessarily overstated.

When Lapping Occurs,all or Most Customer Account Balances Will Be