You have spent 2 years working as an auditor. In that time you have come across a number of errors in performing bank reconciliations. Outlined below are some of them.

1. An unreconciled item of \($340\) was on the final bank reconciliation of the client and was deemed by the client to be immaterial.

2. Two deposits totalling \($4070\) relating to accounts receivable were collected on 2 July (30 June year-end) but recorded as cash receipts on 30 June.

3. An amount from an associated company of \($40\) 000 was banked 2 days before the end of the year in the client's bank account and then paid back 1 week after the end of the year.

4. A cheque for \($6000\) was omitted from the outstanding cheque list on the bank reconciliation at 30 June. It cleared the bank on 14 August.

5. A bank transfer of \($20,000\) was included as a deposit in transit at 30 June in the accounting records.

Required

a. What control could be implemented to reduce the likelihood of each of the above?

b. What is an audit procedure to detect each of the above?