Instead of receiving a cutoff bank statement, auditors can wait until the subsequent period bank statement is available to verify reconciling items.Discuss the purpose of reviewing the subsequent period bank statement and list the verifications the auditor performs on this bank statement.

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The Answer of Instead of receiving a cutoff bank statement, auditors can wait until the subsequent period bank statement is available to verify reconciling items.Discuss the purpose of reviewing the subsequent period bank statement and list the verifications the auditor performs on this bank statement.

Instead of Receiving a Cutoff Bank Statement, Auditors Can Wait