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Q40 Single choice

A tenant questions annual reconciliation charges for common area and operating expenses per their lease.

What is the strongest business practice for ensuring accounting practices are sound?

A
Double-check all coding and charges and confirm that generally accepted accounting principles have been followed.
B
Perform periodic audits by an internal or external auditing group that is not part of the accounting department.
C
Suggest the tenant's chief accountant review your books and the lease.

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