How will the auditor most likely utilize the bank reconciliation as evidence in the audit of cash?

Question

Quizplus · Accepted Answer

The auditor will utilize the bank reconciliation as evidence by testing the deposits in transit and outstanding items to other corroborating evidence, such as bank statements, receipts, and invoices. This will help the auditor trace the differences between the book balance and the bank balance, and ensure that all transactions have been properly recorded in the company's books. The other choices (A, B, and C) are not common methods of utilizing the bank reconciliation as evidence.

How Will the Auditor Most Likely Utilize the Bank Reconciliation