Independent periodic reconciliations of cash accounts represent an important control activity. a. What is the impact on

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Independent periodic reconciliations of cash accounts represent an important control activity.

a. What is the impact on the audit if the client does not perform independent periodic reconciliations of its cash accounts?

b. What substantive audit procedures would the auditor perform because of the lack of the client’s independent reconciliations?

c. How would the fact that the client does not perform this important control affect the auditor’s professional skepticism?

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Auditing A Risk Based Approach

ISBN: 9780357721872

12th Edition

Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg

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Question Posted: Sep 22, 2023 03:22 PM

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Independent periodic reconciliations of cash accounts represent an important control activity. a. What is the impact on

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Auditing A Risk Based Approach

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