How to Audit Cash

This video is based on my book The Why and How of Auditing; see it on Amazon https://amzn.to/3eaTR3I

In this video, I show you how to audit cash. We look at relevant assertions, directional risk, common control deficiencies, the risk of material misstatements, substantive procedures, and common audit work papers -- all for cash. I also describe the most common ways that cash is misstated. Additionally, I talk about confirming cash and testing bank reconciliations. By the time you're done watching this video, you'll understand most of you need to know about auditing cash.

0:00 Introduction
0:23 Overview
0:55 Cash assertions
4:30 Cash walkthrough
5:23 Directional risk
7:22 Primary risks for cash
9:22 Control deficiencies
10:43 Risk of material misstatement
13:07 Substantive procedures
15:15 Common cash work papers
17:00 Summary
17:20 Book: Why and How of Auditing

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