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13) The company officer who is assigned the authority and responsibility for investing transactions should have all of the following characteristics EXCEPT:

A. possesses the knowledge and skills required of a person charged with executing such transactions.
B. is of unquestioned integrity.
C. has the ability to understand the auditor’s procedures relating to investing transactions.
D. realizes the importance of observing all prescribed control procedures.

Submitted: 5 years ago.
Category: Homework
Expert:  Neo replied 5 years ago.

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