During an audit of cash,the auditor is most concerned with the management assertion of
A) Existence.
B) Rights and obligations.
C) Valuation or allocation.
D) Occurrence.

Question

Quizplus · Accepted Answer

The auditor is most concerned with the existence assertion during a cash audit because they need to verify that the cash balances reported actually exist and are not overstated.

During an Audit of Cash,the Auditor Is Most Concerned with the Management