For each one of the following risk factors relating to misstatements arising from the misappropriation of assets, identify the appropriate category.
1.Lack of appropriate management oversight
2.Large amounts of cash on hand or processed
3.Inventory characteristics, such as small size, high value, or high demand
4.Poor physical safeguards over cash, investments, inventory, or fixed assets
5.Easily convertible assets, such as bearer bonds, diamonds, or computer chips
6.Lack of mandatory vacations for employees performing key control functions

Question

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The Answer of For each one of the following risk factors relating to misstatements arising from the misappropriation of assets, identify the appropriate category.
1.Lack of appropriate management oversight
2.Large amounts of cash on hand or processed
3.Inventory characteristics, such as small size, high value, or high demand
4.Poor physical safeguards over cash, investments, inventory, or fixed assets
5.Easily convertible assets, such as bearer bonds, diamonds, or computer chips
6.Lack of mandatory vacations for employees performing key control functions

For Each One of the Following Risk Factors Relating to Misstatements