Which of the following is one of the better auditing techniques that might be used by an auditor to detect kiting?
A) Review composition of authenticated deposit slips.
B) Review subsequent bank statements and canceled checks received directly from the banks.
C) Prepare a schedule of bank transfers.
D) Prepare year-end bank reconciliations.
Correct Answer:
Verified
Q55: For purposes of an audit of financial
Q56: The auditors compare information on canceled checks
Q57: On receiving the bank cutoff statement,the auditor
Q58: As one of the year-end audit procedures,the
Q59: Which one of the following would the
Q61: Flemco has made a series of
Q62: Since financial investments are assets with a
Q63: In the audit of a client's financial
Q64: You are working on the Coleman audit.Assume
Q65: In many financial statements audits,auditing financial investments
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents