If fraud is suspected, auditors may complete all of the following procedures except:
A) testing for kiting.
B) footing the bank reconciliation and the outstanding checks listing.
C) performing a proof of cash.
D) performing extended bank reconciliation procedures, including detailed examination of reconciling items.
Correct Answer:
Verified
Q1: Which of the following internal controls most
Q2: The cash account is affected by all
Q3: The general cash account is normally the
Q5: A major control that directly affects the
Q6: Which of the following is one of
Q7: An interbank transfer schedule:
A)is another name for
Q8: A cutoff bank statement is used to
Q9: Kiting is an audit procedure used to
Q10: Of the following, which is the most
Q11: Which of the following audit procedures is
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