An auditor should trace bank transfers for the last part of the audit period and the first
Question:
An auditor should trace bank transfers for the last part of the audit period and the first part of the subsequent period to detect whether
a. The cash receipts journal was held open for a few days after the year-end.
b. Cash balances were overstated because of kiting.
c. The last checks recorded before the year-end were actually mailed by the yearend.
d. Any unusual payments to or receipts from related parties occurred.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
Question Posted: