Which of the following would not normally be done by the auditor in connection with the subsequent period's bank statement?
A) use a bank statement for a period ending at least 7 days after year-end.
B) trace deposits in transit on the bank reconciliation to deposits on the bank statement.
C) scan the cut-off statement for unusual items.
D) all the above tasks would be done by the auditor in connection with the subsequent period's bank statement
Correct Answer:
Verified
Q1: The account balance audit objective, "Year-end transfers
Q3: Audit tests to detect lapping involve which
Q4: In working with the bank reconciliation and
Q5: The practice where a cheque is paid
Q6: The control of all funds during the
Q7: During the count of cash on hand,
Q8: If the petty cash account is tested
Q9: Which of these combinations is a
Q10: The starting point for verifying cash balances
Q11: The auditor should trace bank transfers
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