Which of the following best exemplifies a control activity referred to as independent verification? a. Reconciliation of
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Which of the following best exemplifies a control activity referred to as independent verification?
a. Reconciliation of bank accounts by someone who does not handle cash or record cash transactions.
b. Identification badges and security codes used to restrict entry to the production facility.
c. Accounting records and documents that provide a trail of sales and cash receipt transactions.
d. Separating the physical custody of inventory from inventory accounting.
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The correct answer is a Reconciliation of bank accounts by someone who does not handle cash or record cash transactions Explanation Independent verifi...View the full answer
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Related Book For
Internal Auditing Assurance & Advisory Services
ISBN: 9780894139871
4th Edition
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel
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