$$

$7.$ The following audit procedures are concerned with tests of details of general cash balances.

For each item, explain the objective of the audit procedure.

a$.$ Obtain a standard bank confirmation from each bank the with which the client does

business.

b$.$ Compare the balance on the bank reconciliation obtained from the client with the

bank confirmation.

c$.$ Trace deposits in transit on the bank reconciliation to the cutoff bank statement and

the current$-$year cash receipts journal.

d$.$ Compare the bank cancellation date with the date on the canceled checks for checks

dated on or shortly before the balance sheet date.

e$.$ List the check number, payee, and amount of all material checks that did not clear

the cutoff bank statement.