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Which of these procedures would you expect to see while auditing cash? Agree the operating expense transaction to supporting documentation to verify that it has
Which of these procedures would you expect to see while auditing cash?
Agree the operating expense transaction to supporting documentation to verify that it has been recognised appropriately.
Agree transactions from the cash payment records to supporting documentation to verify whether the associated liabilities have been recorded in the appropriate period.
Agree the additions to the supporting documentation to verify ownership and that the amount was initially recorded at cost
Agree reconciling items between the bank statement and the general ledger to bank statements for subsequent months, or other supporting documentation, to verify appropriateness.
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