Describe why there is a big emphasis placed on auditing

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Reference no: EM13394436

Describe why there is a big emphasis placed on auditing cash and cash equivalents. Address the following:

· Why is this area more susceptible to fraud?

· How do the controls of traditional financial instruments differ from new types of marketable securities investments?

· What are some new risks that you should be concerned with?

· How is collateral figured out in these types of audits?

Reference no: EM13394436

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