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What is Cash Audit Procedures and Risks about?

1. The document describes the steps of a cash audit, including examining inherent and control risks, reviewing internal control over cash, and assessing control risks to design tests. 2. Possible errors related to cash income and disbursements are analyzed, such as fraud in recording fictitious income, failing to record cash income or accounts receivable, and recording erroneous disbursements as purchases. 3. Among the weaknesses...

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