teeming and lading

A British term for *lapping.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • teeming and lading — Fin a fraud based on a continuous cycle of stealing and later replacing assets (generally cash), each theft being used in part, or in full, to repay a previous theft in order to avoid detection …   The ultimate business dictionary

  • teeming and lading — See: lapping …   Accounting dictionary

  • lapping — In the USA, the fraudulent practice of concealing a shortage of cash by delaying the recording of cash receipts. In the UK it is referred to as teeming and lading. There are a number of variations, but essentially the cashier conceals the theft… …   Accounting dictionary

  • lapping — In the USA, the fraudulent practice of concealing a shortage of cash by delaying the recording of cash receipts. In the UK it is referred to as teeming and lading. There are a number of variations, but essentially the cashier conceals the theft… …   Big dictionary of business and management

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