4 answers

Current Attempt in Progress X Your answer is incorrect. You are testing the controls over bank accounts for your audit client, Manitoba Ltd. You note that the responsibility for bank reconciliations has changed due to a corporate reorganization halfway through the current financial year. Both the staff member performing the bank reconciliations and the supervisor have changed. You are only able to talk to the current staff member and supervisor because the other staff took voluntary retirement and left the client's employment three months ago. Which of the following statements accurately describe the approach of the auditor and the evidence required to ensure controls ove bank reconciliations are effective? (Several choices may be correct.)