Business, 06.05.2020 03:18 orlando19882000
Tott Company has the following internal control procedures over cash disbursements. Identify the internal control principle that is applicable to each procedure.
(a) Company checks are prenumbered.
(b) The bank statement is reconciled monthly by an internal auditor.
(c) Blank checks are stored in a safe in the treasurer’s office.
Answers: 3
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Tott Company has the following internal control procedures over cash disbursements. Identify the int...
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