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akempire akempire
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Posts: 42
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2 weeks ago
Cutoff misstatements occur when


The auditor fails to obtain the end-of-year bank statement directly from the bank, obtaining instead the statement which includes the two succeeding weeks Subsequent period 
transactions are 
recorded in the 
current period 
Current period 
transactions are 
recorded in the 
subsequent period
YesYesNo



The auditor fails to obtain the end-of-year bank statement directly from the bank, obtaining instead the statement which includes the two succeeding weeks Subsequent period 
transactions are 
recorded in the 
current period 
Current period 
transactions are 
recorded in the 
subsequent period
YesNoYes



The auditor fails to obtain the end-of-year bank statement directly from the bank, obtaining instead the statement which includes the two succeeding weeks Subsequent period 
transactions are 
recorded in the 
current period 
Current period 
transactions are 
recorded in the 
subsequent period
NoYesYes



The auditor fails to obtain the end-of-year bank statement directly from the bank, obtaining instead the statement which includes the two succeeding weeks Subsequent period 
transactions are 
recorded in the 
current period 
Current period 
transactions are 
recorded in the 
subsequent period
NoYesNo
Textbook 

Auditing and Assurance Services


Edition: 17th
Authors:
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1 Reply
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Answer verified by a subject expert
owenutonowenuton
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Posts: 30
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2 weeks ago
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The auditor fails to obtain the end-of-year bank statement directly from the bank, obtaining instead the statement which includes the two succeeding weeks Subsequent period 
transactions are 
recorded in the 
current period 
Current period 
transactions are 
recorded in the 
subsequent period
NoYesYes


1

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