Question: Why is there a greater emphasis on the possibility of fraud in cash accounts than for other asset accounts of the same size? Identify three

Why is there a greater emphasis on the possibility of fraud in cash accounts than for other asset accounts of the same size? Identify three types of frauds that would directly affect the Cash account, and indicate how the frauds might be detected by the auditor.

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Cash when well managed is not a large balance account at yearend However it is susceptible to fraud ... View full answer

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