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Internal Control Questionnaire for Book Buy Back Cash Fund. Taylor, a CPA has been engaged...

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Accounting

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Internal Control Questionnaire for Book Buy Back Cash Fund. Taylor, a CPA has been engaged to audit the financial statements of University Books, Incorporated Univer sity Books maintains a large cash fund exclusively for the purpose of buying used books from students for cash. The cash fund is active all year because the nearby university offers a large variety of courses with varying starting and completion dates throughout the year. Receipts are prepared for each purchase. Reimbursement vouchers periodically are submitted to replenish the fund. Construct an internal control questionnaire to be used in evaluating the internal control over University Books' repurchasing process using the revolving cash fund. The Internal control questionnaire should elicit a yes or no response to each

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