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  3. Study Set
    Auditing and Assurance Services Study Set 2
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    Exam 23: Audit of Cash and Financial Instruments
  5. Question
    Because Cash Is the Most Desirable Asset for People to Steal
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Because Cash Is the Most Desirable Asset for People to Steal

Question 27

Question 27

Multiple Choice

Because cash is the most desirable asset for people to steal, it has a higher


A) control risk.
B) inherent risk.
C) detection risk.
D) liquidity risk.

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