Discuss the objective of each of these audit procedures used to test a cash balance. Include in your discussion which PCAOB assertions for the cash account each procedure would support. Be sure to explain how each procedure would cover each of the assertions you believe it would cover for the cash balance and any limitations there might be for the assertion. That is, some procedures can provide more complete evidence to support an assertion than others can. Your answer should discuss any limits of the audit procedures as well.

Part A) Proof of Cash

Part B) Vouch the deposits in transit shown on the client's bank reconciliation to the cutoff bank statement.

Part C) Use of a bank confirmation letter.

Part D) Compare the date shown on the back of the check when the bank cancelled a check with the date of the check for checks dated near the balance sheet date.