You are a senior auditor and you are asked to audit the cash balance under U.S. auditing standards. You are asked to test cash. Please (1) describe what you would need from the client to perform testing of cash, (2) once you have what you need from the client, describe the audit procedure you would perform, be specific, and (3) describe anything else you believe would be helpful if any.

You are a senior auditor and you are asked to audit the cash balance under U.S. auditing standards. You are asked to test cash. Please (1) describe what you would need from the client to perform testing of cash, (2) once you have what you need from the client, describe the audit procedure you would perform, be specific, and (3) describe anything else you believe would be helpful if any.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 17RQSC

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