An auditor ordinarily sends a standard confirmation request to all banks with which the client has done

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An auditor ordinarily sends a standard confirmation request to all banks with which the client has done business during the year under audit, regardless of the year-end balance. A purpose of this procedure is to

a. Provide the data necessary to prepare a proof of cash.

b. Request a cutoff bank statement and related checks be sent to the auditor.

c. Detect kiting activities that may otherwise not be discovered.

d. Gather evidence regarding the completeness assertion.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 08, 2024 01:29 AM

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An auditor ordinarily sends a standard confirmation request to all banks with which the client has done

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The correct answer is d Gather evidence regarding the completenes...View the full answer

Auditing An Assertions Approach

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