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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 10
Which of the following is an effective audit procedure that an auditor might use to detect kiting between intercompany banks?
A) Review the composition of authenticated deposit slips.
B) Review subsequent bank statements.
C) Prepare a schedule of the bank transfers.
D) Prepare a year-end bank reconciliation.
A) Review the composition of authenticated deposit slips.
B) Review subsequent bank statements.
C) Prepare a schedule of the bank transfers.
D) Prepare a year-end bank reconciliation.
Explanation
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Effective Audit Procedure to Detect Kiti...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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