REQUIRED: Please respond to each part of this question that…
REQUIRED: Please respond to each part of this question that deals with cash. (Hint: These items were discussed in class numerous times!) 1. Why is cash significant to the audit, even if it is considered immaterial? 2. Name a audit procedure that must always be done for cash, even if it is immaterial? (Hint: not a bank reconcilation). 3. Name and briefly descibe two different controls for cash. (Hint: not a bank reconcilation).