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During the count of cash on hand, it is NOT necessary for the auditor to: obtain a signed receipt from the custodian on return of

During the count of cash on hand, it is NOT necessary for the auditor to:

obtain a signed receipt from the custodian on return of the funds.

insist on the presence of the custodian of the cash throughout the count.

control both cash and non-cash negotiable instruments held by the client.

insist on the presence of an internal auditor throughout the count.

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