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    Business
  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam 16: Audit of transaction cycles and financial statement balances II
  5. Question
    The Audit of the Bank Reconciliation Will Normally Lead to the Discovery
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The Audit of the Bank Reconciliation Will Normally Lead to the Discovery

Question 26

Question 26

True/False

The audit of the bank reconciliation will normally lead to the discovery of theft of cash by interception of cash receipts from customers before they are recorded, with the account written off as a bad debt.

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