Common Internal Control Weaknesses – Financial Reporting • Recognition of Unique Events or Transactions (Asset Impairments, Losses Due to Asset Disposals, Natural Disasters, Insurance Recoveries, Derivatives, Long-Term Financing Arrangements, New Acquisitions or Business Lines) • Inadequate Segregation of Duties (ARC-Authorization, Recording, Custody)
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CAGE PAPERWORK
BANK STATEMENT
GENERAL JOURNAL
PAYROLL REGISTER
CHECK REGISTER
THE GENERAL LEDGER
THE TRIAL BALANCE
COMPUTER SLOT SYSTEM
ADJUSTMENTS
FINANCIAL STATEMENTS
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BlueBird CPAs
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