Chapter 16: Auditing the Financing/Investing Process: Cash and Investments
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Last updated 6:31 AM on 10/26/25
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A cutoff bank statement normally covers the _______ day period after the date on which the bank account is reconciled.
7 to 20
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what are fraud-related audit procedures
extended bank reconciliation procedures
tests for kiting
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Disclosure Issues for Cash (5)
1. Accounting policy for defining cash and cash equivalents
2. Any restrictions on cash such as a sinking fund requirement for funds allocated by the entity’s board of directors for special purposes
3. Contractual obligations to maintain compensating balances
4. Cash balances restricted by foreign exchange controls
5. Letters of Credit
Note 
Flashcards (47)