The company's bank reconciliation (audited by independent auditors)is the primary means of valuing cash in the financial statements.

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The bank reconciliation is an important process for reconciling the cash balance in a company's records with the balance reported by the bank. This process is important for ensuring the accuracy of the financial statements and for detecting any errors or fraudulent activities. The audited bank reconciliation is an important document that provides assurance to the stakeholders that the company's cash balance is properly valued in the financial statements. Therefore, the statement is true.

The Company's Bank Reconciliation (Audited by Independent Auditors)is the Primary