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Kiting Definition - Investopedia
- https://www.investopedia.com/terms/k/kited.asp
- May 07, 2019 · Kiting is the fraudulent use of a financial instrument such as a check to obtain additional credit that is not authorized. There are two variants of kiting:
What is Kiting? - Definition Meaning Example
- https://www.myaccountingcourse.com/accounting-dictionary/kiting
- Definition: Kiting, also called check kiting, is a fraudulent scheme that uses checks to embezzle money from a business. Kiting is usually committed by a bookkeeper or someone else with access to company checks and the ability to forge checks, but it can also be used by the company.
Kiting financial definition of Kiting
- https://financial-dictionary.thefreedictionary.com/Kiting
- Kiting Used in banking to refer to the practice of depositing and drawing checks at two or more banks and taking advantage of the time it takes for the second bank to collect funds from the first bank. Also refers to illegally increasing the face value of a check by changing the numbers on the check. In the context of securities, refers to the ...
Check kiting definition — AccountingTools
- https://www.accountingtools.com/articles/check-kiting.html
- Check kiting is the deliberate issuance of a check for which there is not sufficient cash to pay the stated amount. The mechanics of this fraud scheme are as follows:. Write a check for which there is not sufficient cash in the payer's account.. Create a checking account at a different bank.. Deposit the fraudulent check in the checking account that was just opened.
Check kiting Definition Bankrate.com
- https://www.bankrate.com/glossary/c/check-kiting/
- Check kiting relies on the fact that it takes banks a few days (or even longer for international checks) to determine that a check is bad. Deeper definition Federal banking regulations state that ...
Check-kiting Legal Definition Merriam-Webster Law Dictionary
- https://www.merriam-webster.com/legal/check-kiting
- Legal definition of check-kiting: the practice of drawing on uncollected funds during the time needed to clear a check deposited in a bank especially if the check is worthless —called also kiting.
Auditing Definition of Auditing at Dictionary.com
- https://www.dictionary.com/browse/auditing
- Auditing definition, an official examination and verification of accounts and records, especially of financial accounts. See more.
Example: Check Kiting Auditing and Attestation CPA ...
- https://www.youtube.com/watch?v=Ygh9rYIsXN4
- Dec 16, 2017 · Embezzlers occasionally cover a theft of cash by a practice known as kiting: transferring money from one bank to another and incorrectly recording the transaction.Author: Farhat's Accounting Lectures
Audit Definition of Audit by Merriam-Webster
- https://www.merriam-webster.com/dictionary/audit
- Audit definition is - a formal examination of an organization's or individual's accounts or financial situation. How to use audit in a sentence.
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