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You are the auditor of Revolution Pty Ltd (Revolution) and have made the following notes on Revolutions cash receipts procedures: 1. Cheques are received by
You are the auditor of Revolution Pty Ltd (Revolution) and have made the following notes on Revolutions cash receipts procedures:
1. Cheques are received by mail and from sales representatives, who may obtain cheques directly from customers.
From the above information, identify the key controls and which assertion is at risk and determine an appropriate test of controls you would employ for each control.
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