【单选题】A CPA obtains a January 10 cutoff bank statement for a client directly from the bank. Very few of the outstanding checks listed on the client’s December 31 bank reconciliation cleared during the cutof...
A.
is engaged in kiting.
B.
is engaged in lapping.
C.
has overstated its year-end bank balance.
D.
transmitted the checks to the payees after year-end.