How Will the Auditor Most Likely Utilize the Bank Reconciliation

question 65

Multiple Choice

How will the auditor most likely utilize the bank reconciliation as evidence in the audit of cash?

• A)The auditor sends the reconciliation to the bank for independent verification.
• B)The auditor performs the reconciliation for the client to record the proper cash balance.
• C)The auditor traces the book balance of the reconciliation to the cutoff bank statement.
• D)The auditor tests deposits in transit and outstanding items to other corroborating evidence.

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Definitions:

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attractions to men, women, both sexes, neither sex, or another sex.

Twin Studies

Research investigations comparing the similarities and differences between monozygotic (identical) and dizygotic (fraternal) twins to understand the influence of genetics versus environment.

Genetic Factors

Elements within an organism's genes that influence its physical and behavioral traits, inherited from its parents.

Environmental Influences

Factors external to the individual, such as cultural, social, and physical factors, that impact behavior and development.