Joplin Ltd’s financial year ends on 30 June 20X1 and the company’s auditor, Hagan and Partners, conducts the annual audit during July and August. Hagan and Partners has prepared auditing procedures for the different phases of the audit engagement with Joplin Ltd. Included among the steps in the audit programme for cash on deposit with Bonza Bank are the following:

1. Obtain a bank confirmation as at 30 June 20X1, directly from Bonza Bank.

2. Verify client-prepared bank reconciliation for the month of June 20X1.

3. Obtain a copy of the bank statement for the month of July 20X1.

Required

(a) Why should Hagan and Partners obtain a bank confirmation directly from Bonza Bank?

(b) What is involved in verifying the client-prepared bank reconciliation?

(c) What is the purpose of obtaining the bank statement for the month of July?