MONETOENBE

Examplify

ACCT $4337$ Summer $25$ Exam $2-$ JACKSON NAEGER $(20530235)$

TID

Question $7$

In the audit of cash the auditor obtains a bank cutoff statement primarily to

Answers: A$-$D

A obtain direct confirmation of the client's bank balances as of year$-$end.

B obtain sufficient information to reconcile the client's bank account as of year$-$end.

C identify old outstanding checks that the client may exclude from the year$-$end bank rec

D test the propriefy of items appearing on the client's year$-$end bank reconciliation.