Which of the following is an effective audit procedure that an auditor might use to detect kiting
Question:
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.
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a Incorrect Kiting involves a mismatching of dates of recording cash tr...View the full answer
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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