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In the audit of a client with a fiscal year ending December 31, the CPAs obtain a January 10 bank statement directly from the bank.

In the audit of a client with a fiscal year ending December 31, the CPAs obtain a January 10 bank statement directly from the bank. Explain how this cutoff bank statement will be used

a. In the review of the December 31 bank reconciliation.

b. To obtain other audit information.

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