Question: Determine the appropriate audit procedures to be used to verify the following items of the bank reconciliation: a. deposits in transit b. cheques erroneously charged

Determine the appropriate audit procedures to be used to verify the following items of the bank reconciliation:

a. deposits in transit

b. cheques erroneously charged to client

c. outstanding cheques

d. bank service charge

e. note payables

f. not sufficient funds (NSF) cheques

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a To verify deposits in transit the auditor should obtain the bank confirmation directly from the ba... View full answer

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