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The actions in tests of controls involve ________________________________,________________________________,________________________________,_________________________________ and ________________________________.
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Death Of A Customer
Refers to the situation where a business loses a customer due to their passing away, which can have financial and operational impacts.
Authority To Accept
The legal power or permission given to an individual or entity to agree to the terms of a contract on behalf of another.
Depositary Bank
The first bank to receive a check for payment.
Check Is Drawn
The process by which a check is issued by an account holder, instructing their bank to pay a specified sum to a party named on the check.
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