Give two reasons audit work on cash is likely to be more extensive than might appear to

Question:

Give two reasons audit work on cash is likely to be more extensive than might appear to be justified by the relative amount of the figure for cash.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...