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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