During the Audit of EmpireAge,Inc

question 46

Multiple Choice

During the audit of EmpireAge,Inc. ,the auditor notes a large series of checks that does not clear for an unusually long time after period end.What may the auditor suspect from this observation?

• A)Vendors are eager to get their payments.
• B)The reconciliation is accurate.
• C)Cash does not exist.
• D)The presence of held-checks at period-end.

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A state located in the Southeastern and Mid-Atlantic regions of the United States, known for its historical significance and diverse geography.