Which of the Following Audit Procedures Is the Most Appropriate

question 52

Multiple Choice

Which of the following audit procedures is the most appropriate when internal control over cash is weak or when a client requests an investigation of cash transactions?

• A) Proof of cash.
• B) Bank reconciliation.
• C) Cash confirmation.
• D) Evaluate ratio of cash to current liabilities.

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Definitions:

NAALC

The North American Agreement on Labor Cooperation, an agreement aimed at improving working conditions and living standards in Canada, Mexico, and the United States.

Multinational Companies

Corporations that own or control production of goods or services in one or more countries other than their home country.

NAALC

The North American Agreement on Labor Cooperation, an agreement between the USA, Canada, and Mexico to promote labor principles and enforce labor laws.

Cross-border Cooperation

Collaborative efforts and partnerships that occur across national boundaries, typically involving governments, organizations, or companies to achieve common goals.