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Which of the following is correct about the risks involved in confirmation of cash with a bank electronically via a third-party electronic confirmation service provider?

Which of the following is correct about the risks involved in confirmation of cash with a bank electronically via a third-party electronic confirmation service provider? Group of answer choices Electronic confirmation process eliminates all risks associated with confirming cash Third-party electronic confirmation service providers hire an accounting firm to report on the relevant controls and security features Confirming cash via third-party electronic confirmation service providers eliminates the need for testing reconciliation of cash Both B & C

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