During an audit, the auditor notes a large series of checks that does not clear for an unusually long time after period end. What may the auditor suspect from this observation? Vendors are eager to get their payments. The presence of held-checks at period-end. The reconciliation is accurate. Cash does not exist.

During an audit, the auditor notes a large series of checks that does not clear for an unusually long time after period end. What may the auditor suspect from this observation?

Vendors are eager to get their payments.

The presence of held-checks at period-end.

The reconciliation is accurate.

Cash does not exist.

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