Lapping.

  1. Explain lapping. 2. Why is cash larceny easier to detect than skimming? 3. Article: Lapping it Up What serious internal control deficiency should the bank’s external auditors have detected? 4. Article: Management Left Unchecked Which do you think is the most important lesson learned from this article? 5. Article: Skimming Off the Top. What is the lesson learned?