The increased use of debit and credit cards improve a company's internal control.
Correct Answer:
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Q18: In applying the control activity of segregation
Q19: Responsibility for authorizing and approving transactions must
Q20: A VP of Sales would be the
Q21: Opportunity to commit fraud occurs when the
Q22: The most important element of the fraud
Q24: Sales using debit cards are considered "cash"
Q25: Cash lacks owner identification.
Q26: A debit card gives customers access to
Q27: Internal auditors are company employees.
Q28: External auditors may be employees of the
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