What controls can be used: a) to make sure cash accounts are accurate b) to make sure cash receipts are appropriately recorded c) to limit access for individuals who can initiate electronic transfers of cash
What controls can be used: a) to make sure cash accounts are accurate b) to make sure cash receipts are appropriately recorded c) to limit access for individuals who can initiate electronic transfers of cash
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash And Marketable Securities
Section: Chapter Questions
Problem 33MCQ
Related questions
Question
What controls can be used:
a) to make sure cash accounts are accurate
b) to make sure cash receipts are appropriately recorded
c) to limit access for individuals who can initiate electronic transfers of cash
Please use the illustration below to help you answer this question. Hint: Look at 'Examples of Controls' column for the answers
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