Auditors Are Likely to Prepare a Proof of Cash When

question 41

Multiple Choice

Auditors are likely to prepare a proof of cash when the client has:

• A)material control weaknesses in cash receipts and cash disbursements.
• B)material control weaknesses in accounts receivable and revenue.
• C)material control weaknesses in accounts payable and inventory.
• D)material control weaknesses in payroll.

---

Definitions:

Cultural Capital

The social assets of a person (education, intellect, style of speech, dress, etc.) that promote social mobility in a stratified society.

Examples

Specific instances or cases used to illustrate a concept, principle, or method.

Culture

Encompasses the beliefs, customs, arts, and behaviors of a particular society, group, place, or time, forming the way of life for its people.

Beliefs

Shared ideas held collectively by people within a given culture.