Electronic Funds Transfers have controls built into the process and do not require further reconciliation by the client.
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Q6: ?When a lockbox is used, the financial
Q7: The cash balance that a financial institution
Q8: In assessing risk relating to fraud,auditors brainstorm
Q8: Working capital may be tied to certain
Q9: The auditor is responsible for auditing the
Q12: The deposit of cash directly at the
Q13: Bank reconciliations should be performed by the
Q14: Customer checks received at the client company
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Q16: Auditors usually perform relatively limited substantive analytics
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