Chapter 6 Quiz

Chapter 6 Quiz - Q uiz (See related pages) 1 The cash...

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Quiz (See related pages) 1 The cash account is involved in which cycle? A) Revenue and collection. B) Acquisition and expenditure. C) Production and conversion. D) All of the above. 2 Which of the following is an appropriate audit program step for the review of canceled checks for authorized signatures? A) Compare the check date with the first cancellation date. B) Determine that all checks are to be signed by individual authorized by the board. C) Examine a representative sample of signed checks and determine that the signatures are authorized in the corporate signature book. D) Confirm the signatures from a sample of checks directly with the bank. 3 A proof of cash is normally used A) for all engagements. B) to test the transactions process when controls over cash are weak. C) when control risk for cash is low. D) when lapping is suspected. 4 When counting cash on hand the auditor must exercise control over all cash and other negotiable assets to prevent A) Theft. B)
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Chapter 6 Quiz - Q uiz (See related pages) 1 The cash...

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