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Which of the following is least likely to be an audit objective in the audit of cash? Question 8 Answer a . Determine that cash
Which of the following is least likely to be an audit objective in the audit of cash?
Question Answer
a
Determine that cash is presented at the lower of cost or net realizable value.
b
Establish the completeness of recorded cash.
c
Substantiate the existence of recorded cash.
d
Verify that the client has rights to recorded cash.
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