LO 6-1 Exercise 6-5A Internal controls for small businesses Required Assume you are the owner of a small business that has only two employees. a. Which of the internal control procedures are most important to you? b. How can you overcome the limited opportunity to use the segregation-of-duties control procedure?

LO 6-1 Exercise 6-5A Internal controls for small businesses Required Assume you are the owner of a small business that has only two employees. a. Which of the internal control procedures are most important to you? b. How can you overcome the limited opportunity to use the segregation-of-duties control procedure?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required answer question 4 and 5