Bank reconciliation audit tests are designed to detect misstatements other than through the improper payment of cash or failure to receive cash normally would not be detected as part of the tests of the bank reconciliation.List below at least THREE misstatements that are designed to be detected by bank reconciliation.
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Q12: Examples of cash equivalents include time deposits,
Q13: The audit objective of determining that cash
Q14: An imprest petty cash fund
A) is a
Q14: A partial-period bank statement and the related
Q15: Which of the following misstatements is most
Q20: An imprest petty cash fund would least
Q22: The auditors test the client's monthly bank
Q23: The reason for testing the client's bank
Q27: Because cash is the most desirable asset
Q37: Which of the following statements is correct?
A)
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