Substantive procedures for the audit of cash would include which of the following?
A) Ask that a cutoff bank statement be mailed directly to the client.
B) Enquire if the client has prepared bank reconciliations for all bank accounts on a monthly basis.
C) Prepare a schedule of inter-bank transfers for a period of ten business days before and after year-end date.
D) Obtain written descriptions from the client about its cash receipts procedures.
Correct Answer:
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