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Author Question: Listing all bank transfers made a few days before and after the balance sheet date and tracing each ... (Read 35 times)

vowens

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on: Aug 21, 2022

Question 1

Auditors are likely to prepare a proof of cash when the client has
◦ material internal control weaknesses in cash.
◦ material internal control weaknesses in accounts receivable and revenue.
◦ material internal control weaknesses in accounts payable and inventory.
◦ material internal control weaknesses in payroll.

Question 2

Listing all bank transfers made a few days before and after the balance sheet date and tracing each to the accounting records for proper recording is a useful approach to test for
◦ kiting.
◦ lapping.
◦ income smoothing.
◦ channel stuffing.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by vowens on Aug 21, 2022

Mynameisrandom

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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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vowens

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

mcarey591

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Reply 3 on: Yesterday
Excellent

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