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A company's controller maintains a spreadsheet to facilitate the reconciliation of the company's account balance per the bank to the company's account balance per the
A company's controller maintains a spreadsheet to facilitate the reconciliation of the company's account balance per the bank to the company's account balance per the general ledger. The company's management is considering the implementation of new financial software that includes an automated bank reconciliation process. In a memo to the controller, discuss the impact on the internal controls of migrating from a manual bank reconciliation process to an automated bank reconciliation process
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