Background: In this case study you will perform the standard audit procedures to audit the cash accounts of your client FlippinYBuirdsiCexamine the key documentary evidence to test the key managements assertions for cash (Existence, Completeness, Accuracy, Disclosure) such as inspecting bank confirmations, bank reconciliations, bank statements, cash disbursements journals, and cash receitps jouFhalelient has 3 cash accounts: the General Operating Cash Account, the Payroll Cash Account, and the Savings Accdfmir responsibility will be to perform audit procedures on all three accounts and form a conclusion on whether you believe the cash amounts recorded by the client are materially chrthey. are not materially correct, you must recommend a course of action to remediate the problenMichael J. Fox, your co-worker and audit senior/in-charge on this job has already completed a couple of the audit steps as noted by his initials (MJF) in the Audit Program Steps (APE.remaining steps are your responsibility to complete. Instructions: 1 Read all the Audit Procedures/steps in the Audit Program (APS) WP C-1 and perform the required audit procedures on each bank reconciliation found in WP C- C-4, & C-5Evidence related to each item on the bank reconcilations can be found in the Cash Audit Case Evidence & Supporting docs Excel file with tabs labeled Confirmations, January Cutoff Bank Statements, December 2018 Bank Statements, Cash Receipts Journals, and Cash Disbursements Journals for each of the different pieces of evidence necessary to examinitial and date each APS step as it is completh the remaining workpapers, be sure to document your work using tickmarks as discussed previously in our class discussions and readings on Audit Evidence and Audit Documentation. Some tickmarks will be provided, and others you will need to create on your own to describe what you discovered based on your analysis of the evidence, and what you recommend needs to happen as a result. Since the Bank Reconciliation workpapers are your key audit workpapers, they should also each contain documentation that includes the purpose, source/procedures, and conclusions as discussed in previous chapters and as required by audit standards (PCAOB AS 1215 paragraphs 48fc6 and AU-C 230 paragrap 84y.workpaper template demonstrating this 1s provided in the General Information and Templates Module in Canvas for your reference. Items you are to complete are highlighted in yellow. 'When you have completed each workpaper, enter you initials as the preparer in the "Prepared by" box of each workpaper as required by PCAOB AS 1215 paragraph 4