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Taft Company Only Holds Cash in the Local Currency of the Country

question 80

Multiple Choice

Taft company only holds cash in the local currency of the country in which it operates.Which one of the following management assertions would require the least amount of audit procedures for the cash account of Taft?


Definitions:

Alphabetic

Pertaining to the arrangement of letters in the standard order of the alphabet.

Callbacks

Requests to return for a further interview, audition, or phone call.

Specified Intervals

Distinct periods or spans of time that are defined or determined for a particular purpose or activity.

Chronologic

Pertaining to the arrangement of events in the order of their occurrence in time.

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