Explain the purpose of the following audit procedures: a. Sending a bank confirmation to all the banks

Question:

Explain the purpose of the following audit procedures:

a. Sending a bank confirmation to all the banks with which the company does business.

b. Obtaining a bank cutoff statement.

c. Preparing a bank transfer statement.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

Question Posted: