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petty cash. a prepaid expense. cash equivalents. 4IFRS Multiple Choice Question 237 Tangible frauds include asset misappropriation. false pretenses. counterfeiting. All of these. 5Multiple Choice Question 44 All of the following requirements about internal controls were enacted under the Sarbanes- Oxley Act except; independent outside auditors must eliminate redundant internal controls. independent outside auditors must attest to the level of internal control. companies must develop sound internal controls over financial reporting. companies must continually assess the functionality of internal controls.