Which of the Following Represents a Normal Substantive Audit Procedure

question 34

Multiple Choice

Which of the following represents a normal substantive audit procedure for cash balances?

• A)Verify material deposits-in-transit to subsequent statements.
• B)Review cash confirms received by the client from the bank.
• C)Foot cutoff bank statements provided by the financial institutions.
• D)Perform kiting techniques to transfer cash between two client accounts.

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Definitions:

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