Which of the following misstatements would result in the improper payment of cash or failure to receive cash not normally discovered as part of the audit of the bank reconciliation?
A) payment to an employee for more hours than worked
B) payment of raw materials that were not received
C) duplicate payment of a vendor's invoice
D) all of the above
Correct Answer:
Verified
Q1: Information typically confirmed on liabilities to the
Q3: Cash balance is important in the audit
Q4: Which of the following misstatements will normally
Q5: Who should prepare the bank reconciliation?
A) someone
Q6: Which of the following misstatements would normally
Q7: Which one of the following errors would
Q8: Cash account is primarily affected by which
Q9: The general cash account is considered significant
Q10: The test that proves the bank reconciliation
Q11: Cash account is primarily affected by which
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