During the Count of Cash on Hand, It Is Not

question 15

Multiple Choice

During the count of cash on hand, it is not necessary for the auditor to:

• A) insist on the presence of an internal auditor throughout the count.
• B) insist on the presence of the custodian of the cash throughout the count.
• C) obtain a signed receipt from the custodian on return of the funds.
• D) ascertain that all undeposited funds are payable to the order of the client, either directly or through endorsement.

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Definitions:

Muscle Mass

The total amount of skeletal muscle in the body, often associated with strength, metabolic rate, and physical fitness.

Osteoporosis

A medical condition characterized by weakened bones, increasing the risk of sudden and unexpected fractures.

Moderately Drink

The consumption of alcoholic beverages in limited amounts, which is often defined within recommended health guidelines to minimize negative effects.

Overeating

Uncontrolled or excessive eating beyond the body's caloric needs.