CONFIDENTIAL Swan Boch Big QUESTION 4 (15 marks) You are in charge of the audit of "cash and bank" at Beachbreak (Pty) Ltd for the financial year- end February 2017. During the interim audit conducted during late December 2016, you had audited the bank reconciliation at 30 November and found it to be correct. All payments to trade creditors and all other payments over R20 000 made by Beachbreak (Pty) Ltd are carried out by electronic funds transfer. Amounts of R20 000 or less are paid by cheque. Balance as per cashbook Add: outstanding cheques During March, as part of your normal year-end procedures, you are preparing to audit the bank reconciliation prepared by Otis Redding and presented below. Bank reconciliation at 28 February 2017 - Beachbreak (Pty) Ltd Note 1: 304 599 49378 3 October 2016 52133 10 December 2016 52876 18 February 2017 53192 22 February 2017 53193 22 February 2017 4 446.35 15 210.65 9 316.00 Add: direct EFT deposit: Note 1 Less: bank charges and fees for February 2017 Balance as per Bank Statement 28 February 2017 943.89 47 209.11 R127 261.30 77 126.00 204 387.30 18 649.30 223 036.60 163.00 R222 873.60 This represents an electronic funds transfer credited in error by the bank, to Beachbreak (Pty) Ltd's account on the 17 February 2017. CONFIDENTIAL You are required to: 4.1 Describe the audit procedures you would conduct on the bank reconciliation of Beachbreak (Pty) Ltd at 28 February 2017. (15)

QUESTION 4 (15 marks) You are in charge of the audit of "cash and bank' at Beachibeak (Ply) Ud for the financial yoar. end Fetruary 2017 During the interm audit conducted during late Docember 2016, you nad audited the bank reconciliation ist 30 November and found it to be correct. Al payments to trade creditors and all other payments over R20 000 made by Benchbersk (Ply) Ltd are carried out by electronic funds transfer. Amounts of R20 000 or less ase paid by choque During March, as part of your normal year-end procedures, you are proparing to audit the cank. reconcllation prepared by Otis Fedding and presented below. Bank reconcillation at 28 February 2017 - Beachbreak (Pty) Ltd Note 1: This represents an eloctronic funds transfer credited in error by the bank, to Beachbreak (Pty) Ltd's account on the 17 February 2017. You are required to: 4.1 Describe the audit procedures you would conduct on the bank reconciliation of Beachbreak (Pty) Ltd at 28 February 2017. (15)