a. Identify the internal control weaknesses in the cash receipts process b. For each weakness, describe the associated risks c. For each weakness, provide a possible control activit

How do you asess the risk of material misstatement associated with the audit of cash?

Entity-level controls can have a pervasive effect on the entity's ability to meet the control criteria. Which one of the following is not an entity-level control?           A. The period-end financial reporting process           B. Controls to monitor results of the operations           C. Controls to monitor the inventory taking process            D. Management's risk assessment process

Give examples of tests of controls to test theoperating effectiveness of internal controlsin the revenue and collection cycle