Please respond to the following with justification. (1)Can any body tell me ....what is the Window dressing , Teeming & Lading in nature of Fraud in auditing? An amount was realized from the Banker by cheque clearance. This c
14 November 2010
Window Dressing means showing the good picture of financial statements by manipulating the figures of financial statements. Banks generally at the end of the years transfer the un-utilized amount of CC limit to current account to show the High Assets and High Deposits.
Teaming and Lading means performing fraud by involving one or more internal employees of the concern. In T&L fraud can not be deducted easily.
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