1. Which of following assertions is a key concern for cash?

A) classification and presentation B) existence and classification C) completeness and rights and obligations D) existence and completeness

2. a high volume of transactions flowing through an entity's cash account contributes to a significant level of :

3. The starting point for verifying cash balances is to:

a.review the current periods activity in the general ledger cash accounts forany significant entries that are unusual.

b.determine the mathematical accuracy of cash balances in the generalledger.

c.trace the current periods opening balances tothe closing auditedbalances in the previous years working papers.

d.obtain any schedules that might have been prepared by the entity showingundeposited cash receipt summaries

4. In auditing test of details of balances for investments, the auditor's procedures may include all of the following except :

5. The statement that is not true concerning the confirmation of securities held by outsiders for safe keeping is:

a.	the auditor should receive responses directly from the custodian.
	b.	either positive or negative confirmations can be used.
	c.	the data confirmed are the same as the data that should be noted when the auditor is able to inspect the securities.
	d.	confirmations should be requested as of the date other securities are counted.