How to Audit Cash
Cash is essential to every business, and is often one of the first accounts audit staff are exposed to. This course will cover the basics of auditing cash, including the related audit assertions, risks, & threats to the cash balance. During this course, we will also highlight the various substantive auditing procedures that staff should perform, and also walk through some real-world examples.
Upon completing this course, learners will be able to:
- Recall the audit assertions applicable to the cash balance
- Recognize the risks & threats related to the cash balance
- Identify substantive auditing procedures that are used to obtain comfort over cash