Audit risk relating to the cash account

Assignment Help Financial Accounting

Reference no: EM131264098

Audit Risk Relating to the Cash Account

Discuss why cash is inherently a high-risk item on the balance sheet but not as high a risk to the actual audit program itself.

Consider these questions: When is cash a high risk, and when is it a low risk? What are possible outcomes of re-performing a bank reconciliation?

What would an auditor do when a discrepancy in the re-performance of the reconciliation of the cash account is discovered?

Reference no: EM131264098

Questions Cloud

Examine the current issue of net neutrality : We will examine the current issue of net neutrality, which can pit those who provide access to the internet against those who use the internet-specifically, those who use the internet to produce or provide content, such as web pages, videos, strea..

Determine the closed-loop system transfer function : Write a MATLAB function that uses the transfer function approach to determine the closed-loop system transfer function for a given plant transfer function G(z), desired closed-loop system poles, and observer poles.

Determines the closed-loop system statespace matrices : Write a MATLAB function that, given the system statespace matrices A, B, and C, the desired closed-loop poles, and the observer poles, determines the closed-loop system statespace matrices of a full-observer state feedback system with integral act..

List the most common forms of trade sales promotion : List the most common forms of trade sales promotion. - How does trade sales promotion differ from consumer sales promotion? How is it the same?

Audit risk relating to the cash account : Discuss why cash is inherently a high-risk item on the balance sheet but not as high a risk to the actual audit program itself. Consider these questions: When is cash a high risk, and when is it a low risk? What are possible outcomes of re-performing..

Discuss the role of personal selling in promoting products : Discuss the role of personal selling in promoting products. What advantages does personal selling offer over other forms of promotion?

Identify a successful retail business in your community : List the major tasks involved in developing a retail marketing strategy.- Identify a successful retail business in your community. What marketing strategies have led to its success?

Draw an uptrend line on a graph in the proper location : Draw an uptrend line on a graph in the proper location. Three charts are required: 3 Year Chart, 1 Year Chart and 3 Month Chart. (Stocks can be different if necessary)

Describe new developments in retailing : Make a list of stores that actively incorporate some kind of interactivity or entertainment into their retailing strategy.

User Account

All Pages