This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In addition to confirming bank balances of your audit client, a bank confirmation would normally contain (Read 75 times)

april 19

  • Full Member
  • ***
  • Posts: 136
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by april 19 on Aug 21, 2022

knguyen

  • Full Member
  • ***
  • Posts: 139
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.
Answer Preview
Only 56% of students answer this correctly


april 19

  • Member
  • Posts: 136
Reply 2 on: Aug 21, 2022
Wow, this really help

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Use a step stool to help an infirm client get on and off the table. Use a step stool to help an infirm client get on and off the table.
(A) Unwrap each of the layers until the client is covered by just the plastic sheet and the towels ... (A) Unwrap each of the layers until the client is covered by just the plastic sheet and the towels ...
Termination of transcription in eukaryotes: addition of poly(A) tails Termination of transcription in eukaryotes: addition of poly(A) tails
Measuring the client’s blood pressure Measuring the client’s blood pressure
Testing the client’s ability to feel vibrations, the knee Testing the client’s ability to feel vibrations, the knee
Video: Stimulus (introduction)

For a complete list of videos, visit our video library