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Author Question: On the last day of the fiscal year, the cash disbursements clerk drew a company check on bank A and ... (Read 63 times)

bryantpr01

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on: Aug 21, 2022
On the last day of the fiscal year, the cash disbursements clerk drew a company check on bank A and deposited the check in the company account in bank B to cover a previous theft of cash. The disbursement has not been recorded. The auditor will best detect this form of kiting by
◦ examining the composition of deposits in both bank A and bank B subsequent to year-end.
◦ examining paid checks returned with the bank statement of the next account period after year-end.
◦ preparing, from the cash disbursements records, a summary of bank transfers for one week prior to and subsequent to year-end.
◦ comparing the detail of cash receipts as shown by the client's cash receipts records with the detail on the confirmed duplicate deposit tickets for three days prior to and subsequent to year-end.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by bryantpr01 on Aug 21, 2022

ALuthy

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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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bryantpr01

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

LVPMS

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Reply 3 on: Yesterday
:D TYSM

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