You check the balance of your account at the bank and notice that it is higher than

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You check the balance of your account at the bank and notice that it is higher than the balance you have in your records. What could be the possible reason? What process is used to reconcile such a difference?

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Auditing An International Approach

ISBN: 978-0071051415

6th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Question Posted: Mar 21, 2018 05:05 AM

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You check the balance of your account at the bank and notice that it is higher than

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The possible reason for higher bank balance is outstanding checks ...View the full answer

Auditing An International Approach

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