Petty cash tests can ordinarily be performed at any time during the year,but as a matter of convenience they are typically done

Name: Petty cash tests can ordinarily be performed at any time during the year,but as a matter of convenience they are typically done
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

Petty cash tests can be performed at any interim date because they do not necessarily have to coincide with the balance sheet date or any specific event. This allows auditors flexibility in scheduling their procedures.

Petty Cash Tests Can Ordinarily Be Performed at Any Time