Show the relationship of cash in the bank to the various transaction cycles. Design and perform audit tests of the general cash account.

AUDIT OF CASH AND FINANCIAL INSTRUMENTS Identify the major types of cash and financial instruments accounts maintained bybusiness entities.Show the relationship of cash in the bank to the various transaction cycles.Design and perform audit tests of the general cash account.Recognize when to extend audit tests of the general cash account to testfurther for material fraud.Design […]

Compare the importance of independence of CPAs with that of other professionals, such as attorneys.Why is independence so essential for auditors?

The following relate to auditors’ independence:a. Why is independence so essential for auditors?b. Compare the importance of independence of CPAs with that of other professionals,such as attorneys.c. Explain the difference between independence in appearance and independence of mind.d. Assume that a partner of a CPA firm owns two shares of stock of a large audit […]

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