Question: 1 ) An auditor analyzed a client s internal control over cash. Which of the following findings is most likely to raise that auditor s
An auditor analyzed a clients internal control over cash. Which of the following findings is most likely to raise that auditors concern that there might be a reasonable possibility of a material misstatement of cash?
A Authorization of expenditures and recordkeeping is centralized with one employee.
B Customers are provided receipts for their purchases.
C Deposits of cash receipts are made daily.
D The receipt of cash is centralized rather than decentralized eg each salesperson does not collect cash
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