audit procedure

Determine what applicable audit procedure(s) should be conducted to identify whether any material misstatements exist

Option #1: Internal Controls over Cash The following are deficiencies in internal controls over cash. a. When the cashier isn’t available, Amy prepares both the deposit and opens the mail. b. The mail clerk may not prepare a remittance advice for the A/R department if a customer does not submit a one with a payment. […]

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