Multiple Choice
Which of the following procedures can test the audit objective of determining that cash in bank, as stated on the reconciliation, foots correctly and agrees with the general ledger?
A) Examining the minutes of the board of directors for restrictions on the use of cash
B) Performing tests for kiting
C) Adding the unpresented cheques list and the list of deposits in transit
D) Receiving and testing a cutoff bank statement
Correct Answer:
Verified
Correct Answer:
Verified
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