Answered: Which of the following reports can…

Which of the following reports can improve internal control by tracking unauthorized changes to accounting records? a. Cash Budget b. Cash Forecast c. Audit Log Chor d. Journal

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Audit Procedures

Audit Procedures are methods and techniques performed by the auditor to determine the quality of financial information of clients, thereby expressing an opinion on true & fair view of financial statements and entity position. They are identified and applied at the planning stage of audit after determining audit objectives, scope, approach, and risk assessment.

Question

Q10.14
vd bainolla
Which of the following reports can improve internal control by tracking unauthorized changes
to accounting records?
a. Cash Budget
b. Cash Forecast
c. Audit Log
d. Journal

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