In working with the bank reconciliation and the bank cutoff statement, the auditor finds that a prior-period check was not on the reconciliation as an outstanding check. This may be an indication of:
A) window dressing.
B) lapping.
C) kiting.
D) an attempt to conceal a cash shortage.
E) an attempt to overstate cash.

Question

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The Answer of In working with the bank reconciliation and the bank cutoff statement, the auditor finds that a prior-period check was not on the reconciliation as an outstanding check. This may be an indication of:
A) window dressing.
B) lapping.
C) kiting.
D) an attempt to conceal a cash shortage.
E) an attempt to overstate cash.

In Working with the Bank Reconciliation and the Bank Cutoff