Which of the following audit procedures is the most appropriate when internal control over cash is weak or when a client requests an investigation of cash transactions?
A) Cash confirmation.
B) Bank reconciliation.
C) Evaluation of ratio of cash to current liabilities.
D) Proof of cash.
Answer: D) Proof of cash.
Economics
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Why does each of these gas stations have so little control over the price of the gasoline they sell?
What will be an ideal response?
Economics
All other things held constant, premiums on options will increase when the
A) exercise price increases. B) volatility of the underlying asset increases. C) term to maturity decreases. D) futures price increases.
Economics