Under which of the following circumstances would the valuation assertion for cash most likely have an increased level of inherent risk?

Question

Quizplus · Accepted Answer

Cash holdings in a politically unstable country would increase the inherent risk associated with the valuation assertion for cash. The potential for changes in exchange rates, political instability, and currency controls would increase the difficulty of making accurate valuations. The other options do not necessarily increase the inherent risk associated with the valuation assertion for cash.

Under Which of the Following Circumstances Would the Valuation Assertion