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:

Damaged Tooth

A tooth that has been broken, chipped, cracked, or decayed, impairing its normal function and appearance.

Painful Injury

A physical harm or damage to the body that is accompanied by discomfort or distress.

Lost Work

Creative or scholarly work known to have been created but is no longer extant or cannot be found.

Volenti Non Fit Injuria

A legal defense stating that individuals who willingly put themselves in a situation of risk cannot seek compensation for resulting harm.