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Test: CPA Auditing and Attestation (AUD)
1. | Which of the following internal controls most likely would reduce the risk of diversion of customer receipts by an entity’s employees? |
A bank lockbox system
Daily deposit of cash receipts
Monthly bank reconciliations
Prenumbered remittance advices
Nicholas
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Fordham University, Bachelors, Business Administration and Management. Boston University, Master of Arts, Multimedia.
Annika
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NTR health sciences, Bachelor of Science, Sports Medicine. Jackson Memorial Hospital, Doctor of Medicine, Sports Medicine.
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