Which of the following is not an internal control the auditor would expect to find in place for all cash processing systems?
A)Restrictive endorsement of checks.
B)Independent reconciliation.
C)Walkthrough.
D)Prenumbered cash receipt documents.

Question

Quizplus · Accepted Answer

A walkthrough is a procedure performed by the auditor to gain an understanding of the entity's system of internal control. Restrictive endorsements, independent reconciliation, and prenumbered cash receipt documents are all internal controls that the auditor would expect to find in place for cash processing systems.

Which of the Following Is Not an Internal Control the Auditor