Several of the internal control procedures of Cumin Ltd are listed below. Identify the principles of internal

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Several of the internal control procedures of Cumin Ltd are listed below. Identify the principles of internal control that are being followed in each case.

(a) Employees who have physical control of assets do not have access to the accounting records.

(b) Each month the assets on hand are compared with the accounting records by an internal auditor.

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Financial Accounting Reporting Analysis And Decision Making

ISBN: 9780730313748

5th Edition

Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong

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Question Posted: Sep 08, 2022 01:45 AM

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Several of the internal control procedures of Cumin Ltd are listed below. Identify the principles of internal

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Financial Accounting Reporting Analysis And Decision Making

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