Which of the following statements regarding reperformance of bank reconciliations is true?

a. The auditor’s reperformance of a reconciliation of the client’s bank accounts provides evidence as to the accuracy of the year-end cash balance. 

b. The process reconciles the balance per the bank statements with the balance per the books. 

c. Reperformance of the bank reconciliation is ineffective in detecting major errors, such as those that might be covered up by omitting or under footing outstanding checks. 

d. Two of the above (a–c) are true. 

e. All of the above (a–c) are true.