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Author Question: A proof of cash isnotan effective procedure for identifying which of the following types of misstatements? (Read 75 times)

yulisa3298

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Question 1

A proof of cash is effective at identifying which of the following misstatements?
◦ checks written for an improper amount
◦ checks issued to invalid vendors
◦ fraudulent checks
◦ checks recorded in the books for an amount different from that on the check

Question 2

A proof of cash is not an effective procedure for identifying which of the following types of misstatements?
◦ All recorded disbursements were paid by the bank.
◦ All recorded cash receipts were deposited.
◦ All amounts that were paid by the bank were recorded.
◦ Some checks were written for incorrect amounts.


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Marked as best answer by yulisa3298 on Aug 21, 2022

nikspatel037

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yulisa3298

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Reply 2 on: Aug 21, 2022
:D TYSM


Laurenleakan

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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