2 M5-2 (Static) Identifying Internal Controls over Financial Reporting [LO 5-2, LO 5-3] ook Fox Erasing...

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2 M5-2 (Static) Identifying Internal Controls over Financial Reporting [LO 5-2, LO 5-3] ook Fox Erasing has a system of internal control with the following procedures. Match the procedure to the corresponding internal control principle. Procedure 1. The treasurer signs checks. 2. The treasurer is not allowed to make bank deposits. 3. The company's checks are prenumbered. 4. Unused checks are stored in the vault. int 5. A bank reconciliation is prepared each month. ences Internal Control Principle Saved 2 M5-2 (Static) Identifying Internal Controls over Financial Reporting [LO 5-2, LO 5-3] ook Fox Erasing has a system of internal control with the following procedures. Match the procedure to the corresponding internal control principle. Procedure 1. The treasurer signs checks. 2. The treasurer is not allowed to make bank deposits. 3. The company's checks are prenumbered. 4. Unused checks are stored in the vault. int 5. A bank reconciliation is prepared each month. ences Internal Control Principle Saved

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Heres the matching of the procedures to the corresponding internal control principles 1 Th... View the full answer