When detection risk is low, the auditor is likely to:

a. Prepare the bank reconciliation using bank data in the client’s possession or audit the bank reconciliation using a cutoff bank statement obtained from the bank.

b. Scan bank reconciliations and test items on bank reconciliations on a sample basis.

c. Test the client’s internal controls over the preparation of bank reconciliations.

d. Confirm bank balances with the Federal Deposit Insurance Corporation.