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Consider an audit client at which the accounting department is limited to a bookkeeper and the business owner. Which control within the control environment component
Consider an audit client at which the accounting department is limited to a bookkeeper and the business owner. Which control within the control environment component might you expect to encounter?
Petty cash is maintained in an unlocked safe.
The bookkeeper uses the owner's signature stamp for disbursements.
The owner periodically emails the bookkeeper about the importance effective recordkeeping.
The bank account is reconciled monthly.
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