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As part of the cash audit procedures, you sent out audit confirmations to confirm cash balances on three cash accounts. All of the confirmations were

As part of the cash audit procedures, you sent out audit confirmations to confirm cash balances on three cash accounts. All of the confirmations were returned with significant differences between the bank's stated balance and the general ledger cash on the client's book. How would you advise the client on the differences? As an auditor, what course(s) of actions should be taken?

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