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In the following scenario, recommend internal controls that need to be in place to eliminate the problems described: During your audit, the controller approaches you
In the following scenario, recommend internal controls that need to be in place to eliminate the problems described:
During your audit, the controller approaches you about a problem with missing invoices. He thinks that these missing invoices were never recorded in the system, which results in the accompanying receivables not being recorded either. He reads the monthly sales data and calculates that the company has faced significant losses as a result.
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