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Explain the following: Understand the substantive procedures for auditing cash Understand how to use schedule of bank transfer to detect kiting Understand cutoff bank statement

Explain the following:

Understand the substantive procedures for auditing cash

Understand how to use schedule of bank transfer to detect kiting

Understand cutoff bank statement and how to use cutoff bank statement to test bank reconciliation and the clients cutoff of cash receipts and disbursements

Understand how to test client-prepared bank reconciliation

Understand and be able to prepare proof of cash

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