Which of the following is an effective audit procedure that an auditor might use to detect kiting

Question:

Which of the following is an effective audit procedure that an auditor might use to detect kiting between intercompany banks?
a. Review the composition of authenticated deposit slips.
b. Review subsequent bank statements.
c. Prepare a schedule of the bank transfers.
d. Prepare a year-end bank reconciliation.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

Question Posted: