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Audit objective: All the cash is appropriately presented as a current asset. What could go wrong: The net balance in the company's bank accounts is

Audit objective:All the cash is appropriately presented as a current asset.

What could go wrong:The net balance in the company's bank accounts is an overdraft (negative) & should be shown as a current liability.

Multiple Choice

Completeness
Existence
Valuation
Ownership
Presentation

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