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drew911811 drew911811
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Which of the following is an accurate statement regarding cash?

▸ The amount of cash flowing into and out of the cash account is often larger than that for any other account in the financial statements.

▸ The susceptibility of cash to embezzlement is greater than that for other types of assets.

▸ Auditors must verify whether recorded cash in the general ledger correctly reflects all cash transactions that took place during the year.

▸ All of these are accurate statements.
Textbook 

Auditing and Assurance Services


Edition: 17th
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munjojmunjoj
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All of these are accurate statements.

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