An essential part of the auditor's responsibility in auditing cash receipts is to identify deficiencies in internal control that increase the likelihood of fraud.

Question

Quizplus · Accepted Answer

As an important part of the audit process, the auditor should evaluate the internal control systems related to cash receipts to identify any deficiencies that might permit fraudulent activities to go undetected.

An Essential Part of the Auditor's Responsibility in Auditing Cash