Required Information [The following Information applies to the questions displayed below.] Processes, Significant...

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Accounting

Required Information
[The following Information applies to the questions displayed below.]
Processes, Significant Accounts, and Transaction Types
Each major type of transaction (nonroutine, routine, estimate) exists for each major process (cash recelpts, disbursements,
etc.). Auditors need to understand why each type of transaction Is used for each major process within the internal control
structure to effectlvely plan their audit.
When evaluating each significant account and major process of the Internal control system, It Is important that the auditor
understand the type of transaction that relates to each process.
Click and drag each accounting process listed to its correct type of transaction.
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