"Failure to bill a customer" is an example of an error that results in the failure to receive cash, but would not be discovered as part of the audit of the bank reconciliation. State three other examples of errors or irregularities that result in the improper payment of, or failure to receive, cash, but that would not be discovered during the audit of the bank reconciliation. How are these types of misstatements normally uncovered in the audit?
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Q25: The test of details of balances procedure
Q26: The test of details of balances procedure
Q27: Because cash is the most desirable asset
Q28: List at least three misstatements that are
Q29: The direct receipt of a confirmation from
Q31: The reason for testing the client's bank
Q32: The audit procedure which requires the auditor
Q33: The audit objective of determining that cash
Q34: In an effort to satisfy the completeness
Q35: In addition to confirming bank balances of
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