A common test of details the auditor should perform with regards to determining if cash is appropriately described and presented in the financial statements is to review the Board of Director minutes and loan agreements for any restrictions on cash.

Question

Quizplus · Accepted Answer

Reviewing Board of Director minutes and loan agreements for restrictions on cash is a common test of details that the auditor should perform to determine if cash is appropriately described and presented in the financial statements. This helps to ensure that any restrictions on cash are accurately disclosed in the financial statements.

A Common Test of Details the Auditor Should Perform with Regards