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1. Evaluate the nature of a bank account and its use in controlling cash. 2. Describe the steps in preparing a bank reconciliation with the
1. Evaluate the nature of a bank account and its use in controlling cash.
2. Describe the steps in preparing a bank reconciliation with the company cash account.
3. Evaluate the Sarbanes-Oxley Act and its impact on internal controls and financial reporting.
4. Recognize, illustrate, and describe the objectives and elements of internal control.
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