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.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q22: The auditor needs to have an understanding
Q23: The general cash account is considered a
Q24: The bank reconciliation control is enhanced when
Q25: A statement near the bottom of the
Q26: Branch bank accounts are useful for building
Q28: Tests for kiting are performed using only
Q29: Factors that impact inherent risk of financial
Q30: Financial instruments<br>A) include debt securities and money
Q31: Securities and contracts will typically be held
Q32: The three most important audit objectives for