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In the audit of cash the auditor obtains a bank cutoff statement primarily to: A. identify old outstanding checks that the client may exclude from
In the audit of cash the auditor obtains a bank cutoff statement primarily to:
A. identify old outstanding checks that the client may exclude from the year-end bank reconciliation in order to misappropriate cash.
B. obtain sufficient information to reconcile the client's bank account as of year-end
C. obtain direct confirmation of the client's bank balances as of year-end.
D. test the propriety of items appearing on the client's year-end bank reconciliation
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