In auditing cash, auditors may need to be alert for kiting. a. Define and illustrate kiting. b.

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In auditing cash, auditors may need to be alert for kiting.

a. Define and illustrate kiting.

b. What controls should the client institute to prevent it?

c. What audit procedures should the auditor use to detect kiting?

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Auditing A Risk Based Approach

ISBN: 9780357721872

12th Edition

Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg

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Question Posted: Sep 22, 2023 03:22 PM

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Define and illustrate kiting. What procedures should the client institute to prevent it? What audit procedures should the auditor utilize to detect kiting?
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In auditing cash, auditors may need to be alert for kiting. a. Define and illustrate kiting. b.

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a Kiting takes place by transferring funds from one bank account to another bank account but not rec...View the full answer

Auditing A Risk Based Approach

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