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Why audit trail is needed for payroll

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Reference no: EM132572384

Question 1. Why audit trail is needed for payroll?

Question 2. The importance of internal control over fixed assets.

Question 3. Explain the consequences of buying fixed assets without prior approval.

Question 4. Explain the importance of inventory control.

Question 5. Give an example why inventory may cause losses to the company?

Question 6. What are the advantages and disadvantages in adopting just-in-time(JIT) inventory system?

Reference no: EM132572384

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