Question 9

In which of the following assertions is inherent risk moderate and cash does not usually have significant disclosures?

		A. Presentation and disclosure
		B. Valuation and allocation
		C. Rights and obligations
		D. Completeness

Question 10

An analytical procedure related to the substantive testing of cash balances would be to _______.

		A. calculate cash as a percent of total assets and compare with auditor expectations
		B. calculate cash as a percent of total assets and compare with internal auditor expectations
		C. send notes payable confirmations to creditors
		D. send confirmations to the client firm's stockholders