The following audit procedures are concerned with tests of details of general cash balances:
1. Obtain a standard bank confirmation from each bank with which the client does business.
2. Compare the balance on the bank reconciliation obtained from the client with the bank confirmation.
3. Compare the checks returned along with the cutoff bank statement with the list of outstanding checks on the bank reconciliation.
4. List the check number, payee, and amount of all material checks not returned with the cutoff bank statement.
5. Review minutes of the board of directors meetings, loan agreements, and bank confirmation for interest-bearing deposits, restrictions on the withdrawal of cash, and compensating balance agreements.
6. Prepare a four-column proof of cash.
7. Compare the bank cancellation date with the date on the cancelled check for checks dated on or shortly before the balance sheet date.
8. Trace deposits in transit on the bank reconciliation to the cutoff bank statement and the current year cash receipts journal.

Required
Explain the objective of each.