Cash Cycle

Practice Questions

CPA Auditing and Attestation (AUD) › Cash Cycle

Questions
6
1

Of the following cycles, which would involve purchases, payables, and cash disbursements?

2

Which of the following internal controls most likely would reduce the risk of diversion of customer receipts by an entity’s employees?

3

Of the following, which set of information does an auditor usually confirm on one form?

4

Which of the following characteristics would most likely be indicative of check kiting?

5

An auditor would be most likely to identify a contingent liability by obtaining a (an):

6

For the most effective internal control, monthly bank statements should be received directly from the banks and reviewed by the:

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