Although the auditor primarily adopts a substantive approach to the audit of cash balances, an understanding of procedures for maintaining accountability over cash is necessary for the design of substantive tests of details. Name and describe the two main procedures for internal control of cash.

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The Answer of Although the auditor primarily adopts a substantive approach to the audit of cash balances, an understanding of procedures for maintaining accountability over cash is necessary for the design of substantive tests of details. Name and describe the two main procedures for internal control of cash.

Although the Auditor Primarily Adopts a Substantive Approach to the Audit