Which of the following is correct concerning "window dressing" for cash?

Question

Quizplus · Accepted Answer

Window dressing for cash refers to adjusting financial statements in order to present a more favorable picture of the cash position. It may involve delayed payments or accelerating receipts to show a higher cash balance. While it may increase the cash position, it does not necessarily falsify it. A segregation of duties within the cash function may help prevent fraudulent activities, but it may not completely eliminate window dressing for cash. It is not necessarily related to manipulation of inventory. While an audit aims to detect fraudulent activities, including window dressing for cash, it does not provide absolute assurance of its detection.

Which of the Following Is Correct Concerning "Window Dressing" for Cash