During your reconciliation of bank accounts in an audit, you find that a number of checks for

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During your reconciliation of bank accounts in an audit, you find that a number of checks for small amounts have been outstanding for more than a year. Does this situation call for any action by the auditor? Explain.

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Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Question Posted: Oct 25, 2014 06:03 AM

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During your reconciliation of bank accounts in an audit, you find that a number of checks for

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The old outstanding checks should be eliminated as they ca...View the full answer

Principles of Auditing and Other Assurance Services

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