Audit Objectives for Cash Read the overview below and complete the activities that follow. Auditors are concerned with assertions in creating their audit steps. When creating and tailoring audit steps, auditors must keep the assertions and objectives in mind. CONCEPT REVIEW: A well-designed substantive portion of an audit includes all necessary assertions. When designing procedures, auditors must be mindful that they have included all objectives in their substantive procedures. Part 2 - Concept Check 1. Cash reconciliations can be tested via 2. Cash analyses need to be 3. It is necessary to to the general ledger. the client's cutoff of cash transactions. observation counted observe 4. After auditing cash, it is important to evaluate proper financial statement presentation and of cash. counting 5. Analyzing bank transfers at the end of the period being audited and the beginning of the next period helps detect transfers