Why is there a greater emphasis on the detection of fraud in tests of details of cash balances than for other balance sheet accounts Give two specific examples that demonstrate how this emphasis affects the auditor 's evidence accumulation in auditing year end cash ...

There is a greater emphasis on the detection of fraud in tests of ...

Why is there a greater emphasis on the detection of fraud in tests of details of cash

Question:

Why is there a greater emphasis on the detection of fraud in tests of details of cash balances than for other accounts? Give two specific examples that demonstrate how this emphasis affects the auditor's evidence accumulation in auditing year-end cash.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...