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Auditors Will Often Prepare a Proof of Cash When the Client

Question 117

Essay

Auditors will often prepare a proof of cash when the client has material internal control weaknesses in cash receipts and cash disbursements. The purpose of the proof of cash is to determine the client's accounting records for cash are reliable. List below the four requirements the proof of cash is designed to provide for the auditor.

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1. All recorded cash receipts were depos...

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