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Why cash is considered as high inherent risk

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Reference no: EM132730329

Questions -

Q1. Mention some misstatement of fraud risk in revenue cycle!

Q2. Mention some analytical procedure ratio related to inventory and payment cycle!

Q3. Why cash is considered as high inherent risk?

Q4. What is the different between disposal and impairment of non-current (fixed) asset?

Q5. Mention some test of control regarding inventory and payment cycle!

Q6. Provide example of each management fraud and employee fraud regarding cash account!

Reference no: EM132730329

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