From an Audit Perspective,an Imprest Bank Account at a Client

question 33

Multiple Choice

From an audit perspective,an imprest bank account at a client can

• A)require less time for the audit of general cash.
• B)increase audit risk.
• C)result in an increase in control risk.
• D)improve client internal controls.

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Definitions:

Amine Group

A functional group and form of nitrogen compound found in amino acids and neurotransmitters, characterized by a nitrogen atom attached to one or more alkyl groups.

Oxidative Deamination

Oxidative deamination is a biochemical process in which an amine group is removed from an amino acid through oxidation, producing ammonia.

Amine Group

A functional group in organic chemistry comprising a nitrogen atom attached to hydrogen atoms, alkyl groups, or aryl groups, significant in biochemistry and pharmaceutical sciences.

Amino Acid

Organic compounds that combine to form proteins, serving as the basic building blocks of life.