Listed below are types of errors or fraud that might occur in financial statements and audit procedures. Although a number of audit procedures might detect an error or fraud, select the most likely effective audit procedure to each error or fraud item. Replies may be used more than once. Audit Procedures to Detect Error #. Preparing and verifying a schedule of bank transfers. b. Tracing remittance advices to postings in the accounts receivable records. c. Comparing securities' serial numbers to in the prior year's audit working papers. d. Review of the bank cutoft statement. .. Preparing a proof of cash" for the entire audit period. f. Contin terms using a debt confirmation form $. Contien using the standard form for use with financial institution Audit Procedure Error or Fraud 1. Writing checks prior to year-end, but not mailing them until a week thereafter 2. Recording short-term outstanding debt (per debt agreement) as long term debt is due loan agency 2. Recording fic tout cash sales throughout the year. + 4. Lapping of accounts receivable 6. Using the company's soutien during the year and replacing them prior to year-end. 0 b