Auditing and Assurance Services 1st Edition by Iris Stuart

Exercise 9

On receiving a client's bank cutoff statement, an auditor most likely will trace
a. Prior-year checks listed in the cutoff statement to the year-end outstanding check list.
b. Deposits in transit listed in the cutoff statement to the year-end bank reconciliation.
c. Checks dated after year-end listed in the cutoff statement to the year-end outstanding check list.
d. Deposits recorded in the cash receipts journal after year-end to the cutoff statement.