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A Control Weakness for Revenues and Receivables Processing That Could

Question 15

Multiple Choice

A control weakness for revenues and receivables processing that could lead to theft of inventory is ______.


A) when accounting staff can update the accounts receivable files
B) when the stockkeeper authorizes release of the inventory
C) when no period confirmation of the balance owing from the customer is made.
D) when shipping personnel have the power to alter the quantities shipped on the shipping documents

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