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QUESTION 27 The segregation of duties is an important control activity in a company. In...

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QUESTION 27 The segregation of duties is an important control activity in a company. In the space below, list the four functions revolving the safeguard of assets that should be performed by different employees in order to have appropriate segregation of duties, TT TA 3 (1201) "T.EE I QUESTION 9 Accountant A is in charge of opening customer payments sent through the mail, recording cus-tomer payments onto the control listing, and updating the A/R subsidiary ledger (which lists the balance by customers). Accountant B updates the A/R control account. If accountant At engages in lapping by stealing the cash payment from a customer before that payment is recorded on the control listing, which of the following control activities would detect such embezzlement? performing bank reconciliation reconciling control listing with bank deposit slip or bank statements. comparing customer names on control listing to names on the credit posting to A/R subsidiary ledger. send periodical statements to customers

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