ACC 4355 - Cash Workpapers Auditor is part of the Audit Team for Earthwear Clothiers and has been assigned "Cash" The Partner requires testing be completed and the workpapers be turned in by Thursday February (Hardcopy workpapers turned in) FEB 24 Auditor has been assigned the audit of Earthwear's primary general cash account, which is used mostly for cash receipts and various business expenses. When payments on accounts receivable are collected from customers, the cash is deposited, along with any cash from cash sales to this general account. When you finish each workpaper, enter your initials and date in the boxes located at the top right of each workpaper. In addition, put your name at the top of workpaper #16-1. Follow the audit procedures in Workpaper 16-1 and complete WP 16-1 as you complete each procedure After you complete each audit procedure, complete the boxes: . Your initials Was there an error or concern? Yes or No Working paper reference - which WP(s) show this testing and errors/concerns? Description of error or concern - briefly explain any issues (if you need additional room-feel free to attach additional explanation - make sure you indicate what W/P # I can find any additional explanation or reference o Don't forget to complete the Objective and Opinion in WP 16-1 Complete each workpaper (16-2 to 16-7) using the Legend (Tickmarks) listed on each workpaper You are only required to complete the tickmarks that have been boxed and in yellow F = Footed It is possible to enter more than 1 tickmark in each box Workpapers need to: o Be neat, organized and clearly written Easy to follow for the "Reader" - Senior Associate, Manager, Partner, Review Partner, PCAOB Inspector Workpapers need to be complete, neat, organized and returned in order and stapled HAND IN WORK THAT A PROFESSIONAL CPA AUDITOR WOULD SUBMIT Notes: These are your workpapers - you are responsible - you are the "owner" You take them in whatever direction you think is appropriate Feel free to add whatever testing you think is required-just document accordingly o If you need more room-just add additional documentation to your workpapers