Audit Program for Cash Read the overview below and complete the activities that follow When auditors begin auditing cash, they follow a standard sequence of work. The exact procedures will be tailored based on the nature of the controls that have been implemented and by the results of the auditors' risk assessment process. CONCEPT REVIEW: Testing cash involves some standard procedures consistent between all audits as well as tailored procedures based on these introductory steps. Auditors must be mindful of early tests and results to determine how to tailor their procedures to maximize effectiveness and efficiency in cash testing. 1 Cash reconciliations can be tested via 2 It is important to verify of both cash receipts and cash disbursements. 3 Cash confirmations need to be mailed under the control of the 4. Auditors are often concemed with the, Assessment Tool iFrame existence of cash, as this is where most misstatements occur the period being audited 5 Cutoff bank statements include activity for the period,