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Summarize common internal controls over cash receipts and cash disbursements. Assess the purpose of a bank confirmation and why bank confirmations are an important piece
- Summarize common internal controls over cash receipts and cash disbursements.
- Assess the purpose of a bank confirmation and why bank confirmations are an important piece of audit evidence. What are some errors and frauds that can occur in the revenue cycle?
- Review the process of confirming accounts receivable balances. Why is it important for auditors to understand revenue recognition rules?
- Summarize common internal controls over cash receipts and cash disbursements.
- Assess the purpose of a bank confirmation and why bank confirmations are an important piece of audit evidence. What are some errors and frauds that can occur in the revenue cycle?
- Review the process of confirming accounts receivable balances. Why is it important for auditors to understand revenue recognition rules?
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