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Evaluate the following "procedures" section from a tests of controls working paper:
Work performed:
Selected several bank reconciliations from different months and matched to supporting documentation.Ensured the reconciliations had been prepared and reviewed on a timely basis.
Net Capital Outflows
The value of domestic assets purchased by foreigners minus the value of foreign assets purchased by residents of a country.
GDP
Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period of time.
Imports
Goods and services that are produced abroad and sold domestically
Net Exports
The value of a country's total exports minus its total imports.
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