You have spent two years working as an auditor. In that time, you have come across a number of errorsin performing bank reconciliations. Outlined below are some of them:

1. An unreconciled item of $340 was on the client's final bank reconciliation and was deemed by the client to be immaterial.

2. Two deposits totalling $4,070 relating to accounts receivable were collected on July 2 (the company has a June 30 year end) but recorded as cash receipts on June 30.

3. An amount from an associated company of $40,000 was deposited two days before the end of the year in the client's bank account and then paid back one week after the end of the year.

4. A cheque for $6,000 was omitted from the outstanding cheque list on the bank reconciliation at December 31. It cleared the bank on January 14.

5. A bank transfer of $20,000 was included as a deposit in transit at December 31 in the accounting records.

What audit procedures would detect these errors? (Note: there are 6 correct selections on this question)

A. Vouching all reconciling items to supporting documentation

B. Verifying amounts of remittances around the cut-off date to supporting documentation

C. Obtaining a subsequent bank statement to verify outstanding items

D. Examining each bank reconciliation for evidence of review

E. Reviewing transfers between associated companies around year-end

F. Ensuring monthly bank reconciliations have been prepared

G. Reconciling cheque numbers to cheques deposited, outstanding and cancelled

H. Preparing a bank transfer schedule and trace dates of transfers

(Note: there are 6 correct selections on this question)