A partial-period bank statement and the related copies of or digital access to cancelled checks, duplicate deposit slips, and other documents included in bank statements, mailed by the bank directly to the CPA firm's office, is called
A) a four-column proof of cash.
B) a year-end bank statement.
C) a cutoff bank statement.
D) a short-period bank statement.

Question

Quizplus · Accepted Answer

A cutoff bank statement is a partial-period bank statement and the related documents that are sent directly to the auditor's office to assist in verifying the cash balances at the end of the period.

A Partial-Period Bank Statement and the Related Copies of or Digital