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During an audit, the auditor notes a large series of checks that does not clear for an unusually long time after period end. What may the auditor
During an audit, the auditor notes a large series of checks that does not clear for an unusually long time after period end. What may the auditor suspect from this observation?a. The presence of held-checks at period-end.b. Cash does not exist.c. The reconciliation is accurate.d. Vendors are eager to get their payments