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1 of 5CPA REVIEW SCHOOL OF THE PHILIPPINES ManilaAUDITING PROBLEMS AUDIT OF CASH QUIZZERS PROBLEM NO. 1 In connection with your examination, the Pound Company presented to you the following information

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What is audit of cash?

An audit of cash is a process of examining and verifying a company's cash transactions and balances to ensure accuracy and prevent fraud or errors.

Who is required to file audit of cash?

Companies and organizations that handle large amounts of cash or have cash-intensive operations are typically required to file an audit of cash.

How to fill out audit of cash?

To fill out an audit of cash, a qualified auditor must review the company's cash records, transactions, and balances and prepare a detailed report of their findings.

What is the purpose of audit of cash?

The purpose of an audit of cash is to provide assurance to stakeholders that a company's cash transactions and balances are accurate, complete, and in compliance with accounting standards and regulations.

What information must be reported on audit of cash?

The audit of cash report typically includes a summary of cash transactions, bank reconciliations, cash balances, and any discrepancies or irregularities found during the audit.

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