How does an auditor test whether cash balances actually exist?

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Auditing And Assurance Services

ISBN: 9780538869522

5th Edition

Authors: David Ricchiute

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Question Posted: May 04, 2024 02:00 AM

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How does an auditor test whether cash balances actually exist?

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Auditors use a couple of key methods to verify the existence of cash balances reflected on a companys financial statements Bank Reconciliations Auditors examine the bank reconciliation statements prepared by the company These statements reconcile the cash balance ...View the full answer

Auditing And Assurance Services

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