Definition of "lapping"
  1. The process of dishonestly using funds that someone has been entrusted with, and hiding the deed through the continuous use of other funds given to that person
How to use "lapping" in a sentence
  1. A fraud investigation revealed that the business's financial controller had been lapping funds for the last three years.
  2. To prevent fraudulent practices like lapping, the company implemented stringent financial controls and auditing procedures.
  3. The auditor was able to detect lapping when she observed irregularities in the cash transactions.

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