Alpine Cupcake Audit Case-Cash Module

Question 4:

You have concerns about the adequacy of the substantive audit work done by the engagement team. Review in detail the cash confirmation and bank reconciliation substantive audit program steps (C.3 and C.4) and the associated audit workpapers (C.3.1 to C.4.8)

Identify any of the following issues:

a. Did they perform all of the steps associated with the audit program?

b. Did they perform the steps accurately? If not, describe the problem and follow up on it to the extent possible with the information given.

c. Do you see any other issues or problems with the auditors work or client documentation?