Question
For each of the following audit procedures (1 through 5) used to test controls over cash receipts, match the audit procedure to the correct control
For each of the following audit procedures (1 through 5) used to test controls over cash receipts, match the audit procedure to the correct control objective (A through FA. Trace from daily cash reports to the cash receipts journal. B. Compare dates in the cash receipts journal and the prelisting of cash receipts with dates of deposits C. Trace entries from cash receipts journal to the bank statement. D. Foot the cash receipts journal and trace the postings to the general ledger and the accounts receivable subsidiary ledger to ensure transaction are recorded in the correct accounting month. E. Review monthly bank reconciliations.
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