Proper segregation of duties reduces opportunities to allow any employee to be in a position to both: A. journalize cash receipts and disbursements and prepare the financial statements. B. Monitor internal controls and evaluate whether the controls are operating as intended. C. Adopt new accounting pronouncements and authorize the recording of transactions. D. Record and conceal fraudulent transactions in the normal course of assigned tasks

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Q: The primary purpose of internal controls in managing a business is to:

A:

Q: Which of the following is not a purpose of internal controls?     Guarantee profits     Protect…

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