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Author Question: "Failure to bill a customer" is an example of an error that results in the failure to receive cash, ... (Read 268 times)

isam

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Question 1

The evidence accumulated for cash balances depends heavily on the results of tests performed in the other major transaction cycles.
◦ true
◦ false

Question 2

"Failure to bill a customer" is an example of an error that results in the failure to receive cash, but would not be discovered as part of the audit of the bank reconciliation. State three other examples of errors or irregularities that result in the improper payment of, or failure to receive, cash, but that would not be discovered during the audit of the bank reconciliation. How are these types of misstatements normally uncovered in the audit?


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Marked as best answer by isam on Aug 21, 2022

KeriJennin

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isam

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Reply 2 on: Aug 21, 2022
:D TYSM


irishcancer18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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