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. Many small businesses simply cannot afford to hire multiple employees to ensure that assets are properly controlled from theft However, each year, many small

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. Many small businesses simply cannot afford to hire multiple employees to ensure that assets are properly controlled from theft However, each year, many small businesses are victims of a lack of segregation of duties and a proper system of internal controls. You are to elaborate on the reasoning as to why the person who keeps the records and reconciles a business bank account, should not be the person responsible for issuing the checks to the payees

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