Question: 1. What are the inherent risks associated with cash and financial instruments? What internal controls relate to cash and financial instruments? Are these accounts more

1. What are the inherent risks associated with cash and financial instruments? What internal controls relate to cash and financial instruments? Are these accounts more or less subject to fraud?
2. In the following discussion question you will describe the auditing procedure for auditing the revenue cycle. What are the inherent risks associated with the revenue cycle? What internal controls apply to the revenue cycle? Are the accounts related to the revenue cycle more or less subject to fraud?

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Audit Question 1 Inherent risks in cash and financial statements of an organization are some of the risks that are experienced when auditing These types of risks are the most dangerous ones when it co... View full answer

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