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

Question

Quizplus · Accepted Answer

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

Although the Auditor Adopts a Predominantly Substantive Approach to the Audit