How Will the Auditor Most Likely Utilize the Bank Reconciliation

question 65

Multiple Choice

How will the auditor most likely utilize the bank reconciliation as evidence in the audit of cash?

• A)The auditor sends the reconciliation to the bank for independent verification.
• B)The auditor performs the reconciliation for the client to record the proper cash balance.
• C)The auditor traces the book balance of the reconciliation to the cutoff bank statement.
• D)The auditor tests deposits in transit and outstanding items to other corroborating evidence.

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Definitions:

Castilian Forces

Military units or personnel associated with Castile, a historic region of Spain, particularly during the periods of the Reconquista and the Spanish Empire.

Iberian Peninsula

A peninsula located in the southwest corner of Europe, traditionally divided among Spain, Portugal, Andorra, and a small part of France.

The Moors

A medieval term historically referring to Muslim inhabitants of the Maghreb, the Iberian Peninsula, Sicily, and Malta during the Middle Ages.

Edward VI

The King of England and Ireland from 1547 to 1553, noted for his young age at accession and for the Protestant reforms initiated during his reign.