Tuesday 20 November 2012

The cash account is material to auditor for which of the following reasons? The cash account is the culmination of a large volume of transactions. The cash account is not as susceptible to fraud as most other accounts. Many debt or loan agreements may have collateral agreements tied to long-term assets. Automated systems might possess strong internal controls

The cash account is material to auditor for which of the following reasons?

The cash account is the culmination of a large volume of transactions.

The cash account is not as susceptible to fraud as most other accounts.

Many debt or loan agreements may have collateral agreements tied to long-term assets.

Automated systems might possess strong internal controls



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