In the Audit of Cash the Auditor Obtains a Bank

question 17

Multiple Choice

In the audit of cash the auditor obtains a bank cutoff statement primarily to:

• A)identify old outstanding checks that the client may exclude from the year-end bank reconciliation in order to misappropriate cash.
• B)obtain sufficient information to reconcile the client's bank account as of year-end.
• C)obtain direct confirmation of the client's bank balances as of year-end.
• D)test the propriety of items appearing on the client's year-end bank reconciliation.

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Definitions:

Mindfulness-Based Approaches

Therapeutic techniques that focus on being intensely aware of what you're sensing and feeling in the moment, without interpretation or judgment, to combat stress, anxiety, and depression.

Anxiety-Related Disorders

A group of mental health conditions marked by excessive fear or anxiety, interfering with daily activities.

Research Support

Assistance in the form of funding, resources, or information for conducting scholarly studies.

Eye-Movement Desensitization

A psychotherapy technique, often used to treat PTSD, that alleviates distress associated with traumatic memories through guided eye movements.