If the Auditor Does Not Obtain a Cutoff Statement Directly

question 29

Multiple Choice

If the auditor does not obtain a cutoff statement directly from the bank for testing,an alternative procedure that the auditor can use is to

• A)account for a continuity of cheques that covers the year end.
• B)reconcile cash paid to the cash disbursements journal for the last month of the year.
• C)reconcile cash received to the cash receipts journal for the last month of the year.
• D)prove the bank statement for the period after the year end.

---

Definitions:

Very Proficient

Describes a high level of skill, competency, or knowledge in a particular area or activity.

Column Proportion

The fraction or percentage of a particular value within a column in a dataset, representing the relative frequency of that value.

SAS Proficiency

The level of skill and knowledge in using the Statistical Analysis System (SAS), a software suite used for advanced analytics, business intelligence, and data management.

Somewhat Proficient

A level of skill or competence that is higher than basic but not fully expert or advanced.