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Author Question: The reason for testing the client's bank reconciliation is to verify whether the client's recorded ... (Read 54 times)

Austinleez3

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Question 1

The most important balance-related audit objectives in the audit of cash include all except which of the following?
◦ existence
◦ accuracy
◦ completeness
◦ occurrence

Question 2

The reason for testing the client's bank reconciliation is to verify whether the client's recorded bank balance is the same amount as the actual cash in bank, except for deposits in transit, checks outstanding, and other reconciling items. The information needed to complete the tests of the reconciliation is provided by the
◦ client's records and ledgers for the year under audit.
◦ cutoff bank statement.
◦ client's records and ledgers for the subsequent year.
◦ canceled checks for the year under audit.


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Marked as best answer by Austinleez3 on Aug 21, 2022

sakura282000

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Austinleez3

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Reply 2 on: Aug 21, 2022
Excellent


dyrone

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Reply 3 on: Yesterday
:D TYSM

 

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