Problem

Match each of the following transactions 1 through 10 with the applicable internal contr...

Match each of the following transactions 1 through 10 with the applicable internal control principle A

through G (some answers refer to more than one principle).

A. Establish responsibility.

B. Maintain adequate records.

C. Insure assets and bond employees.

D. Separate recordkeeping from custody of assets.

E. Divide responsibility for related transactions.

F. Apply technological controls.

G. Perform regular and independent reviews.

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Solutions For Problems in Chapter 7