Question: #4-5-. How will the auditor most likely utilize the bank reconciliation as evidence in the audit of cash? a. The auditor sends the reconciliation to

#4-5-.

How will the auditor most likely utilize the bank reconciliation as evidence in the audit of cash?

The auditor sends the reconciliation to the bank for independent verification.

The auditor performs the reconciliation for the client to record the proper cash balance.

The auditor traces the book balance of the reconciliation to the cutoff bank statement.

The auditor tests deposits in transit and outstanding items to other corroborating evidence.

Which of the following requires that key audit matters (KAMs) be included in audit reports, effective for audits of financial statements for periods ending on or after December 15, 2016?

Standards issued by AICPA's Auditing Standards Board.

Standards issued by PCAOB.

Standards issued by IAASB.

Standards issued by PCAOB and IAASB.

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