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Home Q & A Board Other Fields Homework Help Business Accounting
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nikki1992 nikki1992
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A year ago
On the last day of the fiscal year, the cash disbursements clerk drew a company check on bank A and deposited the check in the company account in bank B to cover a previous theft of cash. The disbursement has not been recorded. The auditor will best detect this form of kiting by

▸ examining the composition of deposits in both bank A and bank B subsequent to year-end.

▸ examining paid checks returned with the bank statement of the next account period after year-end.

▸ preparing, from the cash disbursements records, a summary of bank transfers for one week prior to and subsequent to year-end.

▸ comparing the detail of cash receipts as shown by the client's cash receipts records with the detail on the confirmed duplicate deposit tickets for three days prior to and subsequent to year-end.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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TAE29TAE29
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A year ago
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nikki1992 Author
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A year ago
Good timing, thanks!
joyceess
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Yesterday
You make an excellent tutor!
erimis
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2 hours ago
Thanks
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