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An accounting student is working at the warehouse of a small ten-person company that sells artworks to art galleries. The warehouse manager asks the accounting
An accounting student is working at the warehouse of a small ten-person company that sells artworks to art galleries. The warehouse manager asks the accounting student to authorise the purchase of twk artworks because the chief accountant is on annual leave. He mentions that the accountant usually signs off on most transactions as he is the only one in the accounting department. Discuss the factor that limits the company's ability to implement proper internal control
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