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Author Question: Which of the following is a correct statement? (Read 33 times)

zl00505

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on: Aug 21, 2022
Which of the following is a correct statement?
◦ The proof of cash receipts is a test of the balance in the cash account at a point in time.
◦ The proof of cash disbursements is effective for discovering a check written for the incorrect amount for which the dollar amount in cash disbursements is also incorrect.
◦ It is extremely difficult for an auditor to detect thefts of cash, especially omitted transactions and account balances.
◦ Segregation of duties is not an important control procedure for cash in a small business.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by zl00505 on Aug 21, 2022

gwisel

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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zl00505

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

chereeb

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Reply 3 on: Yesterday
Wow, this really help

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