Auditing and Assurance Services, Student Value Edition (16th Edition)
Auditing and Assurance Services, Student Value Edition (16th Edition)
16th Edition
ISBN: 9780134075754
Author: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
Publisher: PEARSON
Question
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Chapter 23, Problem 20DQP

a.

To determine

State the appropriate audit procedures that must be performed for each bank transfer.

b.

To determine

Prepare adjusting entries in the home office records.

c.

To determine

Prepare adjusting entries in the branch bank records.

d & e

To determine

Explain the manner in which bank transfer must be included in the December 31, 2016, bank reconciliation of the branch bank account after the adjustments in part c.

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