Look up and watch a YouTube video on proof of cash. Required Answer the following questions. 1.

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Look up and watch a YouTube video on “proof of cash.”

Required

Answer the following questions.

1. Explain how a proof of cash differs from a bank reconciliation.

2. If internal controls are weak and segregation of duties are poor, what benefits are obtained by performing a proof of cash versus a bank reconciliation?

3. Does performing a proof of cash eliminate the need to perform tests of transactions for cash receipts and cash disbursements?

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Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

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Question Posted: Jan 09, 2020 11:47 AM

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Look up and watch a YouTube video on proof of cash. Required Answer the following questions. 1.

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Auditing A Practical Approach with Data Analytics

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