Following Are Situations That an Auditor Might Find by Means

question 66

Essay

Following are situations that an auditor might find by means of tests of controls or tests of details of cash balances for a company with a December year end.A)The accountant did not record or deposit a cash receipt for $50 000 that was received on December 28.Cash is prelisted by the receptionist.B)Cheques prepared up to January 6 were dated December 31 and recorded in the cash disbursements journal.C)A cheque was issued for office supplies that were never received by the client.
Required:
List a substantive audit procedure that could uncover each of the preceding situations.

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Definitions:

Human Rights

Basic rights and freedoms that are believed to belong justifiably to every person, often protected by law.

Bush Doctrine

A foreign policy principle advocated by President George W. Bush, emphasizing preemptive military action against perceived threats to US security.

Preemptive War

A war initiated with the intention of preventing another party from acquiring the capability to pose a serious threat.

United Nations

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