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texasmade2550 texasmade2550
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A year ago
Which of the following statements is most correct with respect to separation of duties?

▸ A person who has temporary or permanent custody of an asset should account for that asset.

▸ Employees who authorize transactions should not have custody of the related assets.

▸ Employees who open cash receipts should record the amounts in the subsidiary ledgers.

▸ Employees who authorize transactions should have recording responsibility for these transactions.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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penmcpenmc
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A year ago
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texasmade2550 Author
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A year ago
Helped a lot
dedricgard
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Yesterday
Smart ... Thanks!
Smair87
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2 hours ago
Brilliant ツ
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