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Explain the need for segregation of duties in sales and collections cycle, and list the most important duties to be segregated. Explain the relationship between

Explain the need for segregation of duties in sales and collections cycle, and list the most important duties to be segregated.

Explain the relationship between the methodology for designing tests of controls and substantive tests of transactions.

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Answer Q1 Separation of duties is critical to effective internal control because it reduces the risk of both erroneous and inappropriate actions All units should attempt to separate functional respons... blur-text-image

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