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The most effective internal control procedue to prevent or detect the creation of fictititous credit memos for sales returns is to a. supervise the accounts

The most effective internal control procedue to prevent or detect the creation of fictititous credit memos for sales returns is to

a. supervise the accounts receivable department

b. require management approval for all credit memos

c. limit access to credit memoranda

d. prenumbered and sequence check all credit memoranda.

Which of followin is not a potential exposure if the financial reporting system

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