Multiple Choice
An unrecorded check issued during the last week of the year would most likely be discovered by the auditor when the
A) Check register for the last month is reviewed.
B) Cutoff bank statement is reconciled.
C) Bank confirmation is reviewed.
D) Search for unrecorded liabilities is performed.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Explain the importance of the bank reconciliation
Q16: Kiting is an audit procedure used to
Q32: All of the following can assist the
Q33: A company has additional temporary funds to
Q34: In establishing the existence and ownership of
Q34: If the entity maintains custody of its
Q37: In confirming with an outside agent, such
Q39: The cashier of Brooke Company covered a
Q40: The auditor should insist that a representative
Q58: Which of the following controls would an