You are a senior auditor on a new audit client.Your supervisor has asked you to audit the cash disbursements of the new client.You begin by gaining an understanding of the flow of transactions.You now need to identify what could go wrong.Identify at least three risks (what could go wrong) for paying the liability and recording cash disbursements.
,

Question

Quizplus · Accepted Answer

The Answer of You are a senior auditor on a new audit client.Your supervisor has asked you to audit the cash disbursements of the new client.You begin by gaining an understanding of the flow of transactions.You now need to identify what could go wrong.Identify at least three risks (what could go wrong) for paying the liability and recording cash disbursements.
,

You Are a Senior Auditor on a New Audit Client