An Audit Plan of Substantive Procedures for Cash Would Not

question 14

Multiple Choice

An audit plan of substantive procedures for cash would not include:

• A)request a cutoff bank statement be mailed to the client.
• B)request client to prepare bank reconciliations.
• C)prepare a schedule of interbank transfers for a period of ten business days before and after year-end date.
• D)obtain a written client representation concerning compensating balance agreements.

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Definitions:

Searches

The process of looking carefully in order to find something, especially in legal contexts, it often refers to a systematic examination by authorities to find evidence.

First Amendment

A part of the United States Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.

Freedoms of Religion

The right to practice any religion of one's choice or to live without following any religion.

Peaceful Assembly

The right to hold public meetings and demonstrations without fear of disturbance or prohibition.