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As an auditor, you have discovered the following problems with the accounting system of Jefferson Retailers. For each of the following occurrences, tell which of
As an auditor, you have discovered the following problems with the accounting system of Jefferson Retailers. For each of the following occurrences, tell which of the five internal control activities or procedures was lacking. Also, recommend how the company should change its procedures to avoid the problem in the future.
4. Receiving reports are sometimes filled out days after shipments have arrived.
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