for the month of June. This four-column auditor prepares a f proot of cash is not useful for detecting (Hint: Think of the recording format) our-column proof of cash a. all outstanding checks in May which had cleared the bank in June b. all payroll checks erroncously recorded in the General Disbursements Journal in June. e. all theft of cash in June which had not been recorded in the cash register d. all rent collected by the bank in June which had not been recorded in the General Cash Receipts Journal. Chapter 19 Completing the audit 14. When completing an audit, which of the following statements is correct concerning auditor's required communication with a client's audit committee? a. If matters are communicated orally, it is necessary to repeat the communication of recurring matters each year. b. If matters are communicated in writing, the report is required to be distributed to both the audit committee and management. c. This communication is required to occur before the auditor's report on the financial statements is issued. d. This communication should include disagreements with management about significant audit adjustments, whether or not satisfactorily resolved. 1S. A subsequent event that occurred between the audit report date and the audit report issue date was reviewed and tested but was not disclosed in the financial statements. Which of the following options in dating the audit report is permitted? a. "Dual dating" with two audit report dates. b. One audit report date, dated at the "new subsequent event" date. c. Both (a) and (b) above. d. One audit report date, dated at the usual completion of fieldwork date. If the likelihood of occurrence of a contingent liability event is probable, and its amount can be reasonably estimated, then (Hint: Think of the full disclosure requirement) 16. a. footnote disclosure is necessary b. adjustment to financial statement account is necessary c. adjustment to financial statement account and footnote disclosure are necessary d. neither adjustment nor footnote disclosure is necessary