A cover plate assembly 10 is provided for a cabinet door or drawer lock 12. A cover plate 26 defines a first circular aperture 28 and a rotatably circular cover plate insert 32 defines an eccentrically positioned second circular aperture 34. The second circular aperture 34 defines an inner diameter 33 sized to selectively receive the cylinder and plug assembly housing 20, and the insert 32 has an outer diameter 39 sized to fit within and selectively rotate with respect to the first circular aperture 28. During installation, the outer diameter 39 of the insert 32 is positioned within the first circular aperture 28, and the insert 32 is selectively rotated to a position that enables the cover plate assembly 10 to register with a bolt housing 16 and the second circular aperture 34 to register with a cylinder and plug assembly housing 20.