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Summarize the internal control procedure of maintaining adequate records by selecting the correct answers below. (Check all that apply.) Bonding employees reduces the risk of
Summarize the internal control procedure of maintaining adequate records by selecting the correct answers below. (Check all that apply.) Bonding employees reduces the risk of loss. Dividing responsibility for related transactions reduces the occurrence of recordkeeping errors. Reliable records are a source of information that managers use to monitor activities. Keeping detailed records makes it unlikely that assets are lost or stolen without detection
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