Examlex
DBR Corporation is considering the purchase and implementation of an enterprise-wide information system. Which of the following would be the least biased source of qualitative information about the project?
Bank Reconciliation
The act of reconciling the cash account balances recorded in an organization's bookkeeping with the related data found on a bank statement.
Deposits in Transit
Funds that have been received and recorded by a business but not yet processed by the bank.
Service Charges
Fees charged to customers for specific services or as penalties for not meeting certain criteria such as minimum account balance requirements.
Internal Control Procedure
Processes undertaken by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
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