The control of all funds during the count of cash on hand is meant primarily to prevent:
A) transfers by the client.
B) any chance of double counting.
C) unauthorized disbursements.
D) client personnel from viewing the count procedure.
E) lapping or kiting by the client.
Correct Answer:
Verified
Q45: The auditor should trace bank transfers using
Q46: The performance of cash cutoff tests provides
Q47: The specific audit objective, the entity has
Q48: During the count of cash on hand,
Q49: The specific audit objective, recorded cash balances
Q51: Which of the following is not true
Q52: Which of the following bank transfers
Q53: The confirmation of bank deposit and
Q54: The specific audit objective, year-end transfers of
Q55: Initial procedures for substantive tests of investments
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents