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Author Question: When assessing risks affecting cash, (Read 68 times)

wqwpfwpoefnpwenf

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When assessing risks affecting cash,
◦ if a business defers preparing bank reconciliations for long periods, the value of the control is reduced and may affect the auditor's assessment of control risk for cash.
◦ most companies are likely to have significant client business risks affecting their cash balances.
◦ there is a low inherent risk for the existence and completeness objectives for cash.
◦ All of these are accurate statements.


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Marked as best answer by wqwpfwpoefnpwenf on Aug 21, 2022

LynellDool

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    • i thought about discounts
Reply #1 on: Aug 21, 2022
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wqwpfwpoefnpwenf

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Reply 2 on: Aug 21, 2022
Wow, this really help


tranoy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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