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Listed below are three errors or problems which might occur in the processing of cash transacti shown is a list of internal control principles.

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Listed below are three errors or problems which might occur in the processing of cash transacti shown is a list of internal control principles. Evaluate each possible error and cite a principle tha that would reduce the probability of the error occurring. If none of the principles given will cor problem, write "None." If you think more than one principle is appropriate, list all principles tha Possible Errors or Problems are given below: 1. An employee steals the cash collected from a customer for an account receivable and c theft by issuing a credit memorandum indicating that the customer returned the merch 2. A small fire destroys 3 days of cash receipts. 3. The official designated to sign cheques is able to steal blank cheques and issue them w of detection. nternal Control Principles a. Establishment of responsibility b. Segregation of duties c. Physical controls d. Documentation procedures e. Independent internal verification f. Human resource controls attachments (2).zip

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