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ore procedures, as indicated, that the auditor ost likely would perform to gather evidence in pport of that item. The procedures on the list ay
ore procedures, as indicated, that the auditor ost likely would perform to gather evidence in pport of that item. The procedures on the list ay be selected once, more than once, or not at sume e client prepared the bank reconciliation on 2/X5. e bank reconciliation is mathematically accurate. e auditor received a cutoff bank statement ed 10/7/X5 directly from the bank on 10/11/X5. e 9/30/X5 deposit in transit-outstanding ecks #1281, #1285, #1289, and #1292-and the rection of the error regarding check #1282 peared on the cutoff bank statement. e auditor assessed control risk concerning the ancial statement assertions related to cash at maximum. List of Auditing Procedures A. Trace to cash receipts journal. Trace to cash disbursements journal. B. C. Compare to 9/30/X5 general ledger. D. Confirm directly with bank. E. Inspect bank credit memo. F. Inspect bank debit memo. G. Ascertain reason for unusual delay. H. Inspect supporting documents for reconciling item not appearing on cutoff statement. 1. Trace items on the bank reconciliation to cutoff statement. J. Trace items on the cutoff statement to bank reconciliation. lect 2 procedures lect 5 procedures 1st National Bank of US Bank Account September 30, 20X5 Balance per bank Deposits in transit 9/29/X5 9/30/X5 $ 47,350 $ 1,150 850 2,000 49,350 lect 5 procedures Outstanding checks. # 988 8/31/X5 575 #1281 9/26/X5 700 #1285 9/27/X5 350 #1289 9/29/X5 700
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