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Question 6 7 Marks (a) Why is it important to segregate functions associated with the custody of an assets from other functions? (3 marks) (b)

Question 6 7 Marks

(a) Why is it important to segregate functions associated with the custody of an assets from other functions? (3 marks)

(b) Explain two audit procedures the auditor would use to search for unrecorded liabilities. (2 marks)

(c) Explain two audit procedures the auditor would use to verify the accuracy and existence of accounts receivables. (2 marks)

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