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Which of the following behaviors is considered a basic process by information-processing theorists?
Independent Reviews
Assessments conducted by outside parties to evaluate the accuracy, fairness, or compliance of processes or financial records.
Bank Reconciliation
The process of matching and comparing transactions recorded in an entity's accounting records against those listed on a bank statement.
Internal Controls
The processes and procedures implemented within an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Accounting Records
Documents and ledgers that record financial transactions and the financial position of an organization, used for analysis and compliance purposes.
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