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1) What is an imprest payroll account and why is it used by companies? 2) Describe the cash management technique of a lockbox, including why
1) What is an imprest payroll account and why is it used by companies? 2) Describe the cash management technique of a lockbox, including why it is used. 3) What is a bank cutoff statement and how is it used by an auditor? 4) Describe the concept of kiting and identify the best method for the auditor to use to detect kiting. answer based on Auditing: A Risk Based-Approach to Conducting a Quality Audit (with ACL CD), 11th Edition Author: Johnstone, Gramling
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
