Under What Circumstances Would an Auditor Prepare a Proof of Cash

question 31

Multiple Choice

Under what circumstances would an auditor prepare a proof of cash?

• A)When the client has material internal control weaknesses in cash.
• B)When control risk is set at minimum.
• C)When inherent risk in cash is considered to be low.
• D)When an enterprise resource system is in use for processing of cash transactions.

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Definitions:

Restraining Orders

Legal documents issued by a court to protect individuals from being harassed, threatened, or harmed by restricting the actions of another person.

School Personnel

Individuals working in a school setting, including teachers, administrators, support staff, and maintenance workers.

Abusive Parent

Pertains to a parent who engages in behaviors that cause physical, emotional, or psychological harm to their child, negatively affecting the child's development and well-being.

Communicating Information

The process of transferring or exchanging data, knowledge, or ideas through verbal, written, or non-verbal means.