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Title: When assessing risks affecting cash, Post by: jesshalavi on Aug 1, 2022 When assessing risks affecting cash,
▸ if a business defers preparing bank reconciliations for long periods, the value of the control is reduced and may affect the auditor's assessment of control risk for cash. ▸ most companies are likely to have significant client business risks affecting their cash balances. ▸ there is a low inherent risk for the existence and completeness objectives for cash. ▸ All of these are accurate statements. Title: When assessing risks affecting cash, Post by: kady_kelsey2 on Aug 1, 2022 Content hidden
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