In auditing cash, auditors may need to be alert for kiting. a. Define and illustrate kiting. b.
Question:
In auditing cash, auditors may need to be alert for kiting.
a. Define and illustrate kiting.
b. What controls should the client institute to prevent it?
c. What audit procedures should the auditor use to detect kiting?
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a Kiting takes place by transferring funds from one bank account to another bank account but not rec...View the full answer
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Related Book For
Auditing A Risk Based Approach
ISBN: 9780357721872
12th Edition
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
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