Question: When auditors are verifying a client s bank reconciliation they are

“When auditors are verifying a client’s bank reconciliation, they are particularly concerned with the possibility that the list of outstanding checks may include a nonexistent or fictitious check, and they also are concerned with the possibility of omission from the reconciliation of a deposit in transit.” Criticize the above quotation and revise it into an accurate statement.


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  • CreatedOctober 25, 2014
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