Why does a company give particular attention to internal controls for cash?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

1st Edition

Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 01:38 AM

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Why does a company give particular attention to internal controls for cash?

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Cash requires a more detailed system of internal controls because cash is easier to misappropriate than most other assets and is frequently the asset most sought by those who would misappropriate so due to these consequences it better to pay attention to internal control ...View the full answer

Cornerstones of Financial and Managerial Accounting

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