Opportunity Conversion All of the above d. The persan who handas cash can be permitted to Prepare the cash remittance list Past to customer accounts Prepare the cash receipts journal Perform the bank reconciliation 21 b. The standard bank confirmation form approved by the AICPA and ABA is used to validate 22 Dutstanding loan balances Deponit balances Securities in safekanping aand banly all of the abave a. A schedule of interbank transfers iis an extended audt procedure designed to detact 23. Lapping Prof of cash King None of the abeve Which af the follawing is nat true about canfirmation f accounts receivable Itis the primary substantive procedure for the asset tis required by auditing standards It provides strang evidence related te the valuation assertion Itis signed by a dient representative such as the cantraller 24. When the auditor scans vouchers, purchase orders, and receiving reports for numerical sepuence, the pracedura is mast directly related to the assertion af 25 Occurrence Valuation or Allacation Camplataness Presantation and Disclasure a. 26 The primary audit precedure relied an in the search for unrecarded accounts payable is Inquiry af client persannel about pracedures Selecting subsequent cash disbursements and vouching to supparting decuments Canfirming accounts payable with vendors Testing the cutaff af purchase transactions 27. When confirming accounts payable with venders, the auditor is likaly to select suppliers with Large balances in year-end payables Small or zere balances in year-end payables Monthly statements including the year-end balance Past affice bax addresses d. The normal audit appreach to auditing fixed assets (PPGE) is te Vouch items selected fram the ending balance Vouch and trace selected items that changed the beginning balance Vouch the largest items in the ending balance to prices for similar items in the used asset markat Vouch intangible items and physically inspect tangible items in the ending balance 28. a. d. When the auditar has detected a material weakness in 1CFR, but detected no material misstatements, the audit report on the financial statements 29. most likely to be Adverse Disclaimer a. b. Qualified Ungualified An attorney's letter made in accordance with the ABA statement of policy will provide the auditor with assurance regarding The existence, completeness, and, if possible, valuation of pending or threatened ltigation a