1. The business has no cameras or security devices at its warehouse. 2. Managers are expected to grow business or be fired. 3. A worker sees other employees regularly take inventory for personal use. 4. No one matches the cash in the register to receipts when shifts end. 5. Officers are told to show rising income or risk layoffs. 6. A worker feels that fellow employees are not honest.

1. The business has no cameras or security devices at its warehouse. 2. Managers are expected to grow business or be fired. 3. A worker sees other employees regularly take inventory for personal use. 4. No one matches the cash in the register to receipts when shifts end. 5. Officers are told to show rising income or risk layoffs. 6. A worker feels that fellow employees are not honest.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 11CYBK

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