Apply: Summative Assessment: Case...(i)HelpSave 8 Exit tailored based on the nature of the controls that have been implemented and by the results of the auditors' risk assessment process.CONCEPT REVIEW:Testing cash involves some standard procedures consistent between all audits as well as tailored procedures based on these introductory steps. Auditors must be mindful of early tests and results to determine how to tailor their procedures to maximize effectiveness and efficiency in cash testing.of 2Cash reconciliations can be tested via q,Book2. It is important to verify q, of both cash receipts and cash disbursements.3. Cash confirmations need to be mailed under the control of the q,.4. Auditors are often concerned with the q, of cash, as this is where most misstatements occur.5. Cutoff bank statements include activity for the period q, the period being audited.observationphysical inventory