If fraud is suspected, auditors may complete all of the following procedures except:

Question

Quizplus · Accepted Answer

Footing the bank reconciliation and the outstanding checks listing is a standard procedure to ensure accuracy in the bank reconciliation process, but it is not specifically related to detecting fraud. The other options (testing for kiting, performing a proof of cash, and performing extended bank reconciliation procedures) are all procedures that can help detect potential fraud.

If Fraud Is Suspected, Auditors May Complete All of the Following