ACP AUDITING - RISK BASED APPROACH
ACP AUDITING - RISK BASED APPROACH
10th Edition
ISBN: 9780357195079
Author: JOHNSTONE
Publisher: CENGAGE C
Question
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Chapter 10, Problem 57RSCQ

(a)

To determine

Introduction:

A bank reconciliation statement is prepared to tally the balance in a bank account with that of the company’s financial record. It is helpful in detecting errors and determining the actual bank balance on a specific date.

To choose: The audit procedure for gathering appropriate evidence for ‘balance as per bank’.

(b)

To determine

Introduction:

A bank reconciliation statement is prepared to tally the balance in a bank account with that of the company’s financial record. It is helpful in detecting errors and determining the actual bank balance on a specific date.

To choose: The audit procedure for gathering appropriate evidence for ‘balance as per books’.

(c)

To determine

Introduction:

A bank reconciliation statement is prepared to tally the balance in a bank account with that of the company’s financial record. It is helpful in detecting errors and determining the actual bank balance on a specific date.

To choose: The audit procedure for gathering appropriate evidence for ‘deposit in transit’.

(d)

To determine

Introduction:

A bank reconciliation statement is prepared to tally the balance in a bank account with that of the company’s financial record. It is helpful in detecting errors and determining the actual bank balance on a specific date.

To choose: The audit procedure for gathering appropriate evidence for ‘customers’ note collected by bank’.

(e)

To determine

Introduction:

A bank reconciliation statement is prepared to tally the balance in a bank account with that of the company’s financial record. It is helpful in detecting errors and determining the actual bank balance on a specific date.

To choose: The audit procedure for gathering appropriate evidence for ‘outstanding checks’.

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