Multiple Choice
A proof of cash represents
A) a test of controls and substantive test of transactions.
B) a substantive test of transactions.
C) a substantive test of transactions and test of details of balances.
D) a test of details of balances.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Ordinarily, all deposits-in-transit listed on the year-end
Q12: A proof of cash receipts is not
Q13: When auditing financial instruments,<br>A) the auditor usually
Q14: The auditors test the client's monthly bank
Q15: Instead of receiving a cutoff bank statement
Q17: In testing the year-end balance in the
Q18: The auditor is testing for the balance-related
Q19: Cash is important because of its susceptibility
Q20: Auditors will often prepare a proof of
Q21: Which of the following misstatements is most