An auditor should trace bank transfers for the last part of the audit period and the first

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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.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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