Some of Chester Companys cash receipts from customers are received by the company with the regular mail.
Question:
(a) Identify any internal control problem(s) in this arrangement.
(b) What changes to its internal control system do you recommend?
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a Internal Control Problems 1 A major internal control problem is that the recordkeeper who has cont...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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