Options: Obtain the bank reconciliation and trace deposits in transit to the cutoff bank statement. Scan the
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Options:
- Obtain the bank reconciliation and trace deposits in transit to the cutoff bank statement.
- Scan the debits to the fixed asset accounts and agree selected amounts to vendors' invoices and management's authorization.
- Compare the details of the cash disbursement journal entries with totals posted to the general ledger.
- Prepare a schedule of interbank transfers.
- Physically inspect a sample of fixed assets and trace them to the fixed asset subsidiary ledger.
- Confirm cash balances with the bank.
- Examine the entity's shipping documents to verify that the merchandise that produced the receivable was actually sent to the customer.
- Examine the supporting purchase orders and receiving reports for selected paid vouchers.
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
Posted Date: