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How can financial transactions be audited

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Question 1: Mobile payment systems such as Square, Paypal, Venmo among other are becoming popular to record business transactions, and transfer payments to or from bank accounts. Along with mobile payment system, debit and credit cards, actual cash transactions are declining. How much do you rely on cash for some of your transactions? How can financial transactions be audited when using mobile payment systems?

Reference no: EM132723950

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