When Counting Cash on Hand the Auditor Must Exercise Simultaneous

question 12

Multiple Choice

When counting cash on hand the auditor must exercise simultaneous control over all cash and other negotiable assets to prevent:

• A)theft.
• B)irregular endorsement.
• C)replacement or substitution of stolen assets.
• D)deposits in transit.

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Definitions:

Work Station 2

A specific area or desk equipped with the necessary tools or equipment for a particular job or task, denoted as the second in a sequence or array.

Processing Time

The amount of time required to complete a particular process, often used in the context of manufacturing or computing.

Queue Capacity

The maximum number of items or entities that can wait in line for a service or resource at any one time, influencing the efficiency and effectiveness of service delivery systems.

Work Cycles

The repeated sequence of operations or activities performed in the course of completing a job or task.