In the course of testing cash balances at the balance sheet date,the auditor foots the bank reconciliation and traces its reported book balance to the trial balance and its bank balance to the standard confirmation in addressing the assertion(s)of

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The auditor is testing the existence, valuation, and rights of cash balances at the balance sheet date. Footing the bank reconciliation and tracing its reported book balance to the trial balance and its bank balance to the standard confirmation helps to address all of these assertions.

In the Course of Testing Cash Balances at the Balance