As part of the cash audit procedures, you sent out audit confirmations to confirm cash balances on
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As part of the cash audit procedures, you sent out audit confirmations to confirm cash balances on three cash accounts. All of the confirmations were returned with significant differences between the bank's stated balance and the general ledger cash on the client's book. How would you advise the client on the differences? As an auditor, what course(s) of actions should be taken?
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0133125689
15th edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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