Which of the following is not included in Phase I of the auditing of year-end general cash balances?
A) Identify client business risks affecting cash.
B) Design and perform tests of controls and substantive tests of transactions.
C) Set performance materiality and assess inherent risk.
D) Assess control risk.
Correct Answer:
Verified
Q55: The bank reconciliation
A) must be done on
Q56: When auditing the year-end cash balance, one
Q57: When assessing risks affecting cash,
A) if a
Q58: Which of the following balance-related objectives applies
Q59: Which of the following verifications would generally
Q61: The presentation of cash in the financial
Q62: Ordinarily, all deposits-in-transit listed on the year-end
Q63: Auditors are not always required to obtain
Q64: A major consideration in the audit of
Q65: A monthly bank reconciliation of the general
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