Multiple Choice
The PCAOB's AS No.5 states that internal controls may be preventive or detective. Which of the following controls is preventive?
A) Requiring two persons to open mail containing payments.
B) Reconciling the accounts receivable subsidiary file with the control account.
C) Using batch totals.
D) Preparing bank reconciliations.
Correct Answer:
Verified
Correct Answer:
Verified
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