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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 42
In preparing for the audit of cash, the auditors perform analytical procedures concerning cash balances. Which of the following would be the best source of information for use in the estimate of cash?
A) Prior-years' balances.
B) Management inquiry.
C) Cash budgets.
D) Aged accounts receivable reports.
A) Prior-years' balances.
B) Management inquiry.
C) Cash budgets.
D) Aged accounts receivable reports.
Explanation
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a. Prior-year's balances. The balances o...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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