Scroll down to complete all parts of this task. Pluto CPAs is completing the audit of Lott Inc., a nonissuer, as of and for the year ended December $31,$ Year $4.$ The engagement team has prepared audit workpapers based on the cash audit program. The materiality for the audit is $$5,000.$ Review the documents in the exhibits above, and for each procedure and the related assertion in the table below, determine whether the audit team has obtained sufficient and appropriate audit evidence to conclude on the audit procedure. In making that determination, consider whether the workpapers have been appropriately prepared, or if there are issues with audit evidence obtained or the work performed. If sufficient and appropriate audit evidence has not been obtained for the audit procedure, identify the issue and select the additional audit test work that is required to conclude on the audit procedure. To complete the table below, for each audit procedure identified in column A and the related assertion$($s$)$ in column B: In column C$,$ select "Yes" or $"$No$"$ to answer whether sufficient and appropriate audit evidence was obtained. In column D$,$ select the issue noted, if any. If no issue was noted, select $"$No issues were noted." In column E$,$ select the additional audit test work, if any, that is required to conclude on the audit procedure. If no additional audit test work is required, select $"$No additional audit test work is required." ABCDE $1$ Cash audit program procedure Assertion$($s$)$ Was sufficient and appropriate audit evidence obtained? Was there any issue with audit evidence or workpaper preparation? What additional audit test work, if any, is required to conclude on the audit procedure? $2$ Obtain standard bank confirmations for all bank accounts, trace the balance per the bank confirmation to the bank reconciliation, and investigate any exceptions noted. Existence, Accuracy YesNo issues were noted.No additional audit test work is required. $3$ Trace deposits in transit on the bank reconciliation to the subsequent$-$period bank activity. Existence, Accuracy YesOne deposit in transit on the operations checking account bank reconciliation cleared for a different amount on the subsequent$-$period bank activity.Trace all deposits in transit at year$-$end for the savings account reconciliation to a subsequent$-$period bank activity. $4$ Trace outstanding checks on the bank reconciliation to the subsequent$-$period bank activity. Existence, Accuracy Yes $5$ Scan the subsequent bank activity for significant or unusual items near year$-$end, obtain explanations and review supporting documentation for all such transactions, and ensure that the items are included on the bank reconciliation, if appropriate. Completeness Yes

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Pluto CPAs is completing the audit of Lott Inc., a nonissuer, as of and for the year ended December $31,$ Year $4.$ The engagement team has prepared audit workpapers based on the cash audit program. The materiality for the audit is $\backslash (\backslash$$ $5,000\backslash ).$

Review the documents in the exhibits above, and for each procedure and the related assertion in the table below, determine whether the audit team has obtained sufficient and appropriate audit evidence to conclude on the audit procedure. In making that determination, consider whether the workpapers have been appropriately prepared, or if there are issues with audit evidence obtained or the work performed. If sufficient and appropriate audit evidence has not been obtained for the audit procedure, identify the issue and select the additional audit test work that is required to conclude on the audit procedure.

To complete the table below, for each audit procedure identified in column A and the related assertion$($s$)$ in column B :

$-$ In column C$,$ select "Yes" or $"$No$"$ to answer whether sufficient and appropriate audit evidence was obtained.

$-$ In column D$,$ select the issue noted, if any. If no issue was noted, select $"$No issues were noted."

$-$ In column E$,$ select the additional audit test work, if any, that is required to conclude on the audit procedure. If no additional audit test work is required, select $"$No additional audit test work is required."