Multiple Choice
A proof of cash is not an effective procedure for identifying which of the following types of misstatements?
A) All recorded disbursements were paid by the bank.
B) All recorded cash receipts were deposited.
C) All amounts that were paid by the bank were recorded.
D) Some checks were written for incorrect amounts.
Correct Answer:

Verified
Correct Answer:
Verified
Q57: When auditing financial instruments, interest income and
Q58: A proof of cash helps the auditor
Q59: The standard bank confirmation form has been
Q60: The direct receipt of a confirmation from
Q61: Which of the following is not included
Q63: When auditing financial instruments, analytical procedures can
Q64: Based on the schedule of interbank transfers
Q65: Auditors are likely to prepare a proof
Q66: Cutoff is more important in testing transactions
Q67: On the last day of the fiscal