Define and illustrate kiting. What controls should the client institute to prevent it? What audit procedures should
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Kiting takes place by transferring funds from one bank account to another bank account but not recor...View the full answer
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Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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Define and illustrate kiting. What procedures should the client institute to prevent it? What audit procedures should the auditor utilize to detect kiting?
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