Question
Spencer and Gavin, LLP, are auditing Earthwears cash account by testing the bank reconciliation. For each question, please select what audit procedure you would most
Spencer and Gavin, LLP, are auditing Earthwears cash account by testing the bank reconciliation. For each question, please select what audit procedure you would most likely do in each tickmark to provide the most persuasive evidence.
For Tickmark L (in the upper right-hand corner), the audit team would most likely document that they. . .
. . . agreed amount to trial balance and general ledger without exception
. . . agreed amount to cash disbursements journal without exception
. . . agreed amount to bank confirmation without exception
. . . agreed amount to cancelled checks and wire transfers without exception
Tickmark (next to deposits in transit), the audit team would most likely document that they. . .
. . .agreed amount to trial balance and general ledger without exception
. . . agreed amount to cutoff bank statement without exception
. . . agreed amount to bank confirmation without exception
. . .agreed amount to cancelled checks and wire transfers without exception
For Tickmark (next to checks outstanding), the audit team would most likely document that they . . .
. . . agreed amount to trial balance and general ledger without exception
. . . agreed amount to cash disbursements journal without exception
. . . agreed amount to bank confirmation without exception
. . . agreed amount to cancelled checks and wire transfers without exception
For Tickmark G (in the lower right-hand corner), the audit team would most likely document that they. . .
. . . agreed amount to trial balance and general ledger without exception
. . . agreed amount to cutoff bank statement without exception
. . . agreed amount to bank confirmation without exception
. . . agreed amount to bank reconciliation without exception
EARTHWEAR CLOTHIERS \begin{tabular}{|c|} \hline 162 \\ \hlineS41/BEC \\ \hline 1/122020 \\ \hline \end{tabular} Dank Reconciliation Ceneral Cash Account Balance Per Bank Statement: 16-4 Add: Deposits in Transit 2032.242Step by Step Solution
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