LAPPING is a scheme to cover an embezzlement by using payments made by one customer to reduce the receivables balance of another customer.
MARGINAL REVENUE is the change in total revenue as a result of producing one additional unit of output.
PARALLEL SIMULATION TESTING is the simultaneous performance of multiple operations. It provides evidence of the validity of processing if the second processing system yields the same results as the first. Auditors use their own generalized audit software to process the same data as was processed by the client’s software. If the output of the audit software is the same as the output of the client’s software that is evidence that the client’s software is performing properly.
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