An audit plan of substantive procedures for cash would not include
A) Requesting a cutoff bank statement be mailed to the client.
B) Requesting the client to prepare bank reconciliations.
C) Preparing a schedule of interbank transfers for a period of 10 business days before and after year-end date.
D) Obtaining a written client representation concerning compensating balance agreements.

Question

Quizplus · Accepted Answer

Requesting a cutoff bank statement to be mailed to the client is not a substantive procedure; it is more of a procedural step to ensure the auditor receives the necessary documentation directly from the bank, not through the client.

An Audit Plan of Substantive Procedures for Cash Would Not