While vouching for cash receipts, the auditor should evaluate the system of Internal Check operating in the entity.
A. The statement is correct
B. The statement is false
C. It is left to the auditor to decide whether to study the system or not
D. It is immaterial
Answer:A
While vouching for cash receipts, the auditor should evaluate the system of Internal Check operating in the entity.
A. The statement is correct B. The statement is false C. It is left to the auditor to decide whether to study the system or not D. It is immaterial