The following information is from the bank transfer schedule prepared during the audit of Fox Co.s financial
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The following information is from the bank transfer schedule prepared during the audit of Fox Co.’s financial statements for the year ended December 31, 2018. Assume all checks were dated and issued on December 30, 2018.
a. Which of the checks might indicate kiting?
b. Which of the checks illustrates deposits/transfers in transit on December 31, 2018?
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Related Book For
Auditing A Risk Based Approach
ISBN: 9780357721872
12th Edition
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
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