Under which of the following circumstances would an auditor be most likely to intensify an challenging examination
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Question:
Under which of the following circumstances would an auditor be most likely to intensify an challenging examination of a $500 imprest petty cash fund
a. Reimbursement occurs twice each week.
b. The custodian endorses reimbursement checks.
c. Reimbursement vouchers are not prenumbered.
d. The custodian occasionally uses the cash fund to cash employee checks.
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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