You are auditing the accounts of a firm and you discover that it is the practice...
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You are auditing the accounts of a firm and you discover that it is the practice of the travellers of this firm to collect Debtors Accounts, deduct their commission and remit the balance to the head office. What precautions would you take to ensure that all collections were accounted for? You are auditing the accounts of a firm and you discover that it is the practice of the travellers of this firm to collect Debtors Accounts, deduct their commission and remit the balance to the head office. What precautions would you take to ensure that all collections were accounted for?
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