When the amount in the petty cash account is immaterial, most auditors would choose to test the account for reasons of client expectations.

Question

Quizplus · Accepted Answer

When the amount in the petty cash account is immaterial, most auditors would choose to test the account for reasons of client expectations because it is a common expectation of clients that their auditors will test all of their accounts, regardless of materiality.

When the Amount in the Petty Cash Account Is Immaterial