Question: Below are listed three internal controls. State the assertion at which each one is aimed. (i) The client uses prenumbered documents for purchases. Periodically a

Below are listed three internal controls. State the assertion at which each one is aimed.

(i) The client uses prenumbered documents for purchases. Periodically a clerk performs a sequence check.

(ii) Sales are subject to a credit check before they are processed.

(iii) A second clerk check that account coding's on source documents are in accordance with the entity’s chart of accounts.

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