A)Many Auditors Prove the Subsequent Period Bank Statement If a Cutoff

question 11

Essay

A)Many auditors prove the subsequent period bank statement if a cutoff statement is not received directly from the bank.Discuss the purpose of proving the subsequent period statement,and explain the audit procedures performed during the proof of cash.B)Discuss the circumstances in which an auditor would prepare a proof of cash.

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Definitions:

Creative Intelligence

The capability to create output that is simultaneously original (innovative, surprising) and suitable (beneficial, adaptable in relation to the limitations of the task).

Practical Intelligence

The ability to solve everyday problems by utilizing knowledge gained from experience in order to effectively deal with challenges and adapt to one's environment.

Spatial Intelligence

is the ability to comprehend and organize spatial relationships, enabling individuals to visualize and manipulate objects and their arrangements in space.

Naturalist Intelligence

A type of intelligence that involves skill in understanding and interacting effectively with the natural environment.