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    Business
  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam 16: Audit of transaction cycles and financial statement balances II
  5. Question
    The Cash Balance Is Immaterial in Many Audits, but Cash
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The Cash Balance Is Immaterial in Many Audits, but Cash

Question 8

Question 8

True/False

The cash balance is immaterial in many audits, but cash transactions affecting the balance are almost always extremely material.

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