The Audit Objective of Determining That Cash in Bank, as Stated

question 124

Multiple Choice

The audit objective of determining that cash in bank, as stated on the reconciliation, foots correctly and agrees with the general ledger can be tested by which of the following procedures?

• A) performing tests for kiting
• B) receiving and testing a cutoff bank statement
• C) proving the bank reconciliation as to additions and subtractions, including all reconciling items
• D) examining the minutes of the board of directors for restrictions on the use of cash

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Definitions:

Afghanistan

Afghanistan is a landlocked country located at the crossroads of Central and South Asia, known for its historic significance and contemporary geopolitical importance.

Defensive Alliance

An agreement between nations to provide mutual support in case one of them is attacked by another country.

NATO

The North Atlantic Treaty Organization, a military alliance established in 1949 between North American and European countries to provide collective security against aggression.

Warsaw

The capital and largest city of Poland, known for its historical significance, cultural heritage, and as a symbol of Polish national identity.