Question
A practical and effective audit procedure for the detection of check kiting is: Comparing recorded cash receipts in detail against items making up the bank
A practical and effective audit procedure for the detection of check kiting is:
| Comparing recorded cash receipts in detail against items making up the bank deposit as shown on duplicate deposit slips validated by the bank. | ||
| Preparing an interbank transfer schedule. | ||
| Tracing recorded cash receipts to postings in customers' ledger cards. | ||
| Preparing a proof of cash. |
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Financial Accounting Principles V4 0 And AME Engage
Authors: Joffe Parker
4th Edition
1926751728, 978-1926751726
