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Rights and QUESTION 5 (5 marks) You are responsible for the audit of bank and cash. You are required to: 5.1 List and explain the

Rights and QUESTION 5 (5 marks) You are responsible for the audit of bank and cash. You are required to: 5.1 List and explain the assertions relating to the cash and bank balance contained in the financial statements for which evidence will be obtained by means of bank confirmation letters. (2) 5.2 Discuss any other information (other than cash and bank balances) which will also be obtained as part of the bank confirmation process and how it can be used by the auditor. (3)
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QUESTION 5 (5 marks) You are responsible for the audit of bank and cash. You are required to: 5.1 List and explain the assertions relating to the cash and bank balance contained in the financial statements for which evidence will be obtained by means of bank confirmation letters. (2) 5.2 Discuss any other information (other than cash and bank balances) which will also be obtained as part of the bank confirmation process and how it can be used by the auditor. (3)

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