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hcraik2 hcraik2
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A year ago
Which of the following is a correct statement?

▸ The proof of cash receipts is a test of the balance in the cash account at a point in time.

▸ The proof of cash disbursements is effective for discovering a check written for the incorrect amount for which the dollar amount in cash disbursements is also incorrect.

▸ It is extremely difficult for an auditor to detect thefts of cash, especially omitted transactions and account balances.

▸ Segregation of duties is not an important control procedure for cash in a small business.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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johnmiltonjohnmilton
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A year ago
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This helped my grade so much Perfect
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Good timing, thanks!
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