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The treasury department maintains the custody over the company's investments. Both the accounting and treasury maintain its own records over investments. During the company's month
The treasury department maintains the custody over the company's investments. Both the accounting and treasury maintain its own records over investments. During the company's month end procedures, the person that should reconcile the investment records and the actual securities on hand should be:
a. The investment committee
b. An independent person in the treasury department
c. An independent person in the accounting department
d. The accounting staff recording investment transactions
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