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Diane and Stan are discussing their upcoming audit of cash and cash equivalents fc-Newsome Enterprises, a furniture manufacturer serving the New England area. As they

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Diane and Stan are discussing their upcoming audit of cash and cash equivalents fc-Newsome Enterprises, a furniture manufacturer serving the New England area. As they brainstorm during this audit planning session, which of the following would be important areas for Diane and Stan to consider? (Select all that apply.) Diane and Stan should consider examining similarly sized firms in other industries to determine average account balances for cash and cash equivalents. Diane and Stan should consider examining the results of any analytical procedures they performed during the planning stage. Diane and Stan should attempt to learn more about the industry the client operates in for the area of cash and cash equivalents. Diane and Stan should think about obtaining written confirmations and assurances from the internal audit function. confirming there are no problems with cash and cash equivalents

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