In the auditing of cash and investments, the key issues are to ensure that the cash exists
and is owned by the client and that all cash transactions at the end of the reporting period
are complete and properly disclosed.

Question

Quizplus · Accepted Answer

This statement accurately reflects the key issues in auditing cash and investments. The auditor must confirm the existence and ownership of cash, as well as ensure that all transactions are properly disclosed in the financial statements.

In the Auditing of Cash and Investments, the Key Issues