23:06 Ii UE a - '9' N? '71..n|41%- 13-29 (L03 1, 3) You are an audit senior Q 1 the audit of Mix-it-Up, a large c El 1g . - . Wholesale and retail organization, and you are documenting your understanding of the acquisition and payment cycle. You have just nished interviewing Ashley Bril, an I . accounting supervisor who has been working at Mix-it-Up for approximately one year. Below is an excerpt of what some of the details Ashley provided you. Part of my job is to reconcile the bank and to manage electronic payments. I recall one of my rst days at the company when I made one of my rst bank transfers. I had accidentally transferred a large sum of money into the payroll imprest account (an account used to only pay payroll to employees and for government payroll remittances) when it was supposed to go into the regular chequing account. This resulted in the company's line of credit being maxed out and a call from an irate bank manager. What an embarrassing day! Now I double-check all the bank transfers that I do carefully. The next worst was when I accidentally authorized payment of one of the store's property tax bills twice (it was quite signicant over $50 0001). I had authorized payment for both the original bill and the reminder Ill 0