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Which of the following is an advantage of simulations?
Mail Receipts
Incoming payments or documents received through postal services, often associated with business transactions or official correspondences.
Documentation Procedures
The formal processes used for recording and maintaining evidence of transactions and activities, essential for audit and control purposes.
Independent Internal Verification
The process of having internal procedures reviewed by parties within the organization who are independent of the process being evaluated.
Discrepancies
Differences or inconsistencies found in records, reports, or documents, usually requiring investigation or correction.
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