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Author Question: In addition to confirming bank balances of your audit client, a bank confirmation would normally contain (Read 71 times)

april 19

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on: Aug 21, 2022

Question 1

If an auditor waits until the subsequent period bank statement is available to verify reconciling items, it is primarily a test for
◦ errors.
◦ omissions.
◦ kiting.
◦ intentional misstatements.

Question 2

In addition to confirming bank balances of your audit client, a bank confirmation would normally contain
◦ the client's bank loans with due date, interest rate, and collateral requested.
◦ the client's credit history as regards to paying back loans.
◦ the client's managements bank account information.
◦ the client's business prospects.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by april 19 on Aug 21, 2022

knguyen

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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april 19

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

bulacsom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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