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E8-14 A jury convicted the treasurer of GTX Company of stealing cash from the company. Over a three-year period, the treasurer allegedly took almost $100,000

E8-14 A jury convicted the treasurer of GTX Company of stealing cash from the company. Over a three-year period, the treasurer allegedly took almost $100,000 and attempted to cover the theft by manipulating the bank reconciliation.

Required

What is a likely way that a person would manipulate a bank reconciliation to cover a theft?

What internal control arrangement could have avoided this theft?

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