After Testing the Bank Reconciliation and Inspecting the Cutoff Bank

question 10

Multiple Choice

After testing the bank reconciliation and inspecting the cutoff bank statement received from the bank,the auditor has determined that there are two outstanding cheques from the list on the bank reconciliation that have still not cleared the bank.The auditor's next step should be to

• A)trace the details of the two cheques to the cash disbursements journal.
• B)trace the details of the two cheques to their associated expense accounts.
• C)reperform the calculations in the bank reconciliation.
• D)compare the total of the bank reconciliation to the bank confirmation.

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Definitions:

Real Nature

The essential qualities or characteristics of something or someone, often considered inherent and authentic.

Bicultural Identity Integration

Refers to the extent to which individuals can merge their original cultural background with that of another culture, influencing their sense of identity and social adaptation.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice against other groups.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.