Which asset is probably the most difficult to overstate under normal audit procedures?
A) Fixed assets
B) Marketable securities
C) Cash
D) Accounts receivable

Question

Quizplus · Accepted Answer

Cash is typically the easiest asset to verify and count, as it is often held in one central location and can be physically counted. Fixed assets, marketable securities, and accounts receivable all require more extensive audit procedures to verify their existence and valuation.

Which Asset Is Probably the Most Difficult to Overstate Under