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theroyalty theroyalty
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A year ago
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.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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andre9119andre9119
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A year ago
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theroyalty Author
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A year ago
Brilliant ツ
TheMoffattMan
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Yesterday
Helped a lot
Zacellison
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2 hours ago
Thanks
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