Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

13. Bloom Apply hoty 3 Hard misstatement of cash and design further audit procedures, cluding tests of control and substantive procedures to address themes Topic:

image text in transcribed
image text in transcribed
13. Bloom Apply hoty 3 Hard misstatement of cash and design further audit procedures, cluding tests of control and substantive procedures to address themes Topic: Audio Cash Kiting would leastlikely be detected by: A. Analyzing details of large cash deposits around year-end. B. Comparing customer remittance advices with recorded disbursements in the cash disbursements journal. C. Preparing a four-column bank reconciliation for all major cash accounts. D. Preparing a schedule of interbank transfers by using the client's records and bank statements around year-end. AACSB: Analytical Thinking AICPA: 88 Industry AICPA FN Risk Analysis Accessibility: Keyboard Navigation Blooms Apply Dimicy J Haro Learning Objective: 10-06 Assess the risks of material misstatement of cash and design further audit procedures, including fests of controls and substantive procedures, to address the risks Topic: Audit of Cash 14. Your client left the cash receipts journal open after year-end for an extra day and included January 1 cash receipts in the 12/31/XX totals. All of those cash receipts were due to cash nofor Assuming the client uses a periodic inventory system with a 12/31/XX count of the thouar YY 15 The XYZ Company billing department has decided to assign one employee to each of its customers. This employee will be responsible for printing to the desting the this will result in better customer service, because the entity will only have to deal with one person and that one person will be very full with their would you on decision? For the toolbar, press ALT F10(PO OF ALTERN+F10 (Mac). BIVS Paragraph Ariel 14px E E A 2 TS GQF3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Financial Accounting St Louis Community College At Meramac

Authors: Phillips/Libby/Libby

3rd Edition

007745412X, 978-0077454128

More Books

Students also viewed these Accounting questions