Which of the following misstatements will NOT normally be discovered as part of the audit of the bank reconciliation?
A) payment for raw materials that were not received
B) improper payments of officers' personal expenditures
C) payment to an employee for more hours than he or she worked
D) all of the above

Question

Quizplus · Accepted Answer

The audit of the bank reconciliation primarily focuses on identifying discrepancies between the company's records and the bank's records regarding cash transactions. Misstatements such as payment for raw materials not received, improper payments of officers' personal expenditures, and payment to an employee for more hours than worked would not normally be discovered through this process, as these issues relate to internal control and authorization procedures rather than the reconciliation of the bank statement itself.

Which of the Following Misstatements Will NOT Normally Be Discovered