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Author Question: The audit and accounting concern addressed in a monthly proof of cash is with (Read 40 times)

knemetz3

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Question 1

Procedures that may uncover fraud in the cash receipts area include
◦ confirmation of accounts payable.
◦ comparison of purchase orders to invoices.
◦ tests performed to detect lapping.
◦ All of these.

Question 2

The audit and accounting concern addressed in a monthly proof of cash is with
◦ adjusting account balances.
◦ reconciling the amounts recorded in the books with the amounts included in the bank statement.
◦ determining the month-end balance.
◦ identifying cash transfers.


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Marked as best answer by knemetz3 on Aug 21, 2022

AarionnaH

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knemetz3

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it


zacnyjessica

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Reply 3 on: Yesterday
:D TYSM

 

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