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Cash in any business is the most valuable asset. Cash is a high - risk asset and extremely vulnerable to fraud. While you are completing
Cash in any business is the most valuable asset. Cash is a highrisk asset and extremely vulnerable to fraud. While you are completing an audit you are primarily focused on the flow of cash and if the client is compliant with their controls of assets. What might cause a client to understate assets? Why is working on cash more likely to be more extensive than you may expect?
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