1.________________ include money market funds, certificates of deposit, savings certificates, and other similar types of deposits.

2.Businesses receiving a large volume of cash through the mail may use a ___________________ system to strengthen internal control and hasten the depositing of cash receipts. Which is actually a post office box controlled by the companys financial institution.

3.__________________ of monthly bank statements is essential to adequate internal control over cash receipts and disbursements.

4.A _______________ system is one method of achieving strong internal control over cash disbursements by providing assurance that all disbursements are properly authorized and reviewed before a check is issued.

5.In a computerized purchasing system, ________________ information will be entered by the accounting (accounts payable) department and it may be matched by the computer with purchase order and receiving information that was entered by the other departments.

6.__________________ funds are becoming much less common as companies move to the use of Purchasing Cards (P-Cards) or ProCards (Procurement Cards). These cards are essentially company credit cards that may be used by a designated employee for business expenses.

7.Risks of material misstatement arise jointly from inherent risk and control risk. Most _____________ relate to business risks faced by the clients management. In the area of cash and financial investments, management is particularly concerned with business risks related to the possible theft of these liquid assets.

8.After the auditors have prepared a flowchart (or other description) of internal control, they will conduct a _________________ of the system. The specific term means to trace a transaction or a few transactions through each step of the system to determine that transactions actually are being processed in the manner indicated by the flowchart.

9.In many concerns, _____________ of the functions of custody and record keeping is achieved by the use of an independent safekeeping agent, such as a stockbroker, bank, or trust company.

10. To determine that investments purchased and sold during the period are recorded properly, the auditors vouch a sample of transactions by reference to ________________ and cash records.

A.	petty cash
B.	voucher
C.	brokers advices
D.	reconciliation
E.	lockbox
F.	segregation
G.	inherent risks
H.	cash equivalents
I.	walk-through
J.	vendor invoice