Under Which of the Following Circumstances Would the Valuation Assertion

question 61

Multiple Choice

Under which of the following circumstances would the valuation assertion for cash most likely have an increased level of inherent risk?

• A)Client has cash holdings in foreign currency in a politically unstable country.
• B)Client has cash holdings in multiple U.S.financial institutions over a wide geographic area.
• C)Client holds investments in complex financial instruments.
• D)All of the above.

---

Definitions:

CPT

Current Procedural Terminology; a set of codes used by healthcare professionals to report and document medical, surgical, and diagnostic services.

ICD

International Classification of Diseases, a system of codes used for classifying diagnoses, symptoms, and procedures.

Upcoding

The fraudulent practice of using billing codes that indicate a more expensive service was performed than was actually provided, to increase reimbursement from Medicare or insurance.

Increased Revenue

An upward trend in the amount of money generated from the sales of goods or services within a company.