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One of the Commonly Used Substantive Tests for Cash Balancis

Question 49

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One of the commonly used substantive tests for cash balancis to confirm the bank balance directly with the bank through a Bank Confirmation Audit Request. What is the difference between the requirements of Canadian Auditing Standards and accepted practice in the industry? Name five of the categoriof information requested on a standard Bank Confirmation Audit Request.

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The difference is that Canadian Auditing...

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