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Audit objective: The company has the right to use all this cash. What could go wrong: Use of some of the cash balance is restricted

Audit objective:The company has the right to use all this cash.

What could go wrong:Use of some of the cash balance is restricted due to the requirement of a bank loan.

Multiple Choice

  • Existence
  • Completeness
  • Valuation
  • Ownership
  • Presentation

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