Multiple Choice
Each morning the controller gets the prior day's listing of remittances,a copy of the payment report,and a copy of the deposit slip returned from the bank.When comparing these items,the controller would be able to determine that
A) No checks were returned for insufficient funds.
B) The cash received and remittance advice received were maintained in a single batch.
C) The accounts receivable system has controls over unauthorized access.
D) The assistant controller does not also reconcile the subsidiary accounts payable.
Correct Answer:

Verified
Correct Answer:
Verified
Q94: The nature of extended procedures is limited
Q95: To gather evidence regarding the balance in
Q96: Immediately upon receipt of cash,a responsible employee
Q97: When auditing with "fraud awareness," auditors should
Q98: _ is a reconciliation in which the
Q99: When auditing financial statements and finding indications
Q100: Fraud examiners are more interested in evaluating
Q101: The probability of fraud is not a
Q103: A common feature of cash management is
Q104: Upon receipt of customers' checks in the