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Author Question: Which of the following would offer the best protection for a company that wishes to prevent a ... (Read 84 times)

Bobvance

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on: Aug 21, 2022
Which of the following would offer the best protection for a company that wishes to prevent a reoccurrence of a previously detected "lapping" problem with trade accounts receivable?
◦ Separate duties so that the bookkeeper in charge of the general ledger has no access to incoming mail.
◦ Separate duties so that no employee has access to both checks from customers and currency from daily cash receipts.
◦ Have a mandatory vacation policy for employees who both handle cash and enter cash receipts into the system.
◦ Request that customer's payment checks be made payable to the company and addressed to the treasurer.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Bobvance on Aug 21, 2022

Rcfelber

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Bobvance

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

JaynaD87

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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