Submit Search
Upload
Audit of Cash Balances
•
Download as PPT, PDF
•
4 likes
•
4,986 views
James Raymond Matibag
Follow
Audit of Cash Balances
Read less
Read more
Economy & Finance
Business
Report
Share
Report
Share
1 of 56
Download now
Recommended
Audit of the acquisition and payment cycle
Audit of the acquisition and payment cycle
sellyhood
Lecture 10, Chapter 14, Auditing Sales and Receivables
Lecture 10, Chapter 14, Auditing Sales and Receivables
Sazzad Hossain, ITP, MBA, CSCA™
Fraud, Internal Control & Cash
Fraud, Internal Control & Cash
মোঃ গোলাম সারোয়ার
ISA 570 (Revised) Going Concern
ISA 570 (Revised) Going Concern
Sazzad Hossain, ITP, MBA, CSCA™
Audit of property plant & equipment (PPE) and cash & cash equivalents (CCE)
Audit of property plant & equipment (PPE) and cash & cash equivalents (CCE)
MD ASADUZZAMAN
Topic 11 notes and question on ppe
Topic 11 notes and question on ppe
sakura rena
Chapter 2 internal control
Chapter 2 internal control
Dr Manu H Natesh
Audit report- Consideration of Internal Control
Audit report- Consideration of Internal Control
nellynljcoles
Recommended
Audit of the acquisition and payment cycle
Audit of the acquisition and payment cycle
sellyhood
Lecture 10, Chapter 14, Auditing Sales and Receivables
Lecture 10, Chapter 14, Auditing Sales and Receivables
Sazzad Hossain, ITP, MBA, CSCA™
Fraud, Internal Control & Cash
Fraud, Internal Control & Cash
মোঃ গোলাম সারোয়ার
ISA 570 (Revised) Going Concern
ISA 570 (Revised) Going Concern
Sazzad Hossain, ITP, MBA, CSCA™
Audit of property plant & equipment (PPE) and cash & cash equivalents (CCE)
Audit of property plant & equipment (PPE) and cash & cash equivalents (CCE)
MD ASADUZZAMAN
Topic 11 notes and question on ppe
Topic 11 notes and question on ppe
sakura rena
Chapter 2 internal control
Chapter 2 internal control
Dr Manu H Natesh
Audit report- Consideration of Internal Control
Audit report- Consideration of Internal Control
nellynljcoles
Lecture 11, Chapter 18, Completing the audit
Lecture 11, Chapter 18, Completing the audit
Sazzad Hossain, ITP, MBA, CSCA™
Audit of the acquisition and payment cycle
Audit of the acquisition and payment cycle
sellyhood
Lecture slide, chapter 5, The Auditor’s Legal Liability
Lecture slide, chapter 5, The Auditor’s Legal Liability
Sazzad Hossain, ITP, MBA, CSCA™
Chapter audit report
Chapter audit report
EasyStudy3
Lecture slide, chapter 3,Professional Ethics, Independence and Audit Quality
Lecture slide, chapter 3,Professional Ethics, Independence and Audit Quality
Sazzad Hossain, ITP, MBA, CSCA™
Auditing investments
Auditing investments
Steffy H. Mallangi'
Lecture slide ,chapter 6, Overview of the audit of financial reports
Lecture slide ,chapter 6, Overview of the audit of financial reports
Sazzad Hossain, ITP, MBA, CSCA™
Lecture 10, chap 16, Chapter 16, Auditing Inventories and property, plant an...
Lecture 10, chap 16, Chapter 16, Auditing Inventories and property, plant an...
Sazzad Hossain, ITP, MBA, CSCA™
2. engagement letter
2. engagement letter
Syed Osama Rizvi
Chapter 12 - Designing Substantive Procedures
Chapter 12 - Designing Substantive Procedures
Sazzad Hossain, ITP, MBA, CSCA™
Audit of the inventory and warehousing cycle
Audit of the inventory and warehousing cycle
sellyhood
Topic 2 objectives and scope of financial statement audit
Topic 2 objectives and scope of financial statement audit
sakura rena
Substantive Procedures - AUDITING STUDY NOTES
Substantive Procedures - AUDITING STUDY NOTES
MUHAMMAD HUZAIFA CHAUDHARY
Foreign currency transactions and hedging
Foreign currency transactions and hedging
acctg2012
Audit of the sales and collection cycle
Audit of the sales and collection cycle
sellyhood
521974482-AUDITING-and-ASSURANCE-Specialized-Industries-1.pptx
521974482-AUDITING-and-ASSURANCE-Specialized-Industries-1.pptx
OliviaCelestine
FRAUD - AUDITING STUDY NOTES
FRAUD - AUDITING STUDY NOTES
MUHAMMAD HUZAIFA CHAUDHARY
Internal controls in auditing
Internal controls in auditing
Hardik Shah
Materiality
Materiality
Darryl Woolley
Chapter 1 auditing and internal control
Chapter 1 auditing and internal control
Tommy Zul Hidayat
Cash & cash equivalents
Cash & cash equivalents
Karryl Ursua
Chapter 3 (2)
Chapter 3 (2)
Nur Dalila Zamri
More Related Content
What's hot
Lecture 11, Chapter 18, Completing the audit
Lecture 11, Chapter 18, Completing the audit
Sazzad Hossain, ITP, MBA, CSCA™
Audit of the acquisition and payment cycle
Audit of the acquisition and payment cycle
sellyhood
Lecture slide, chapter 5, The Auditor’s Legal Liability
Lecture slide, chapter 5, The Auditor’s Legal Liability
Sazzad Hossain, ITP, MBA, CSCA™
Chapter audit report
Chapter audit report
EasyStudy3
Lecture slide, chapter 3,Professional Ethics, Independence and Audit Quality
Lecture slide, chapter 3,Professional Ethics, Independence and Audit Quality
Sazzad Hossain, ITP, MBA, CSCA™
Auditing investments
Auditing investments
Steffy H. Mallangi'
Lecture slide ,chapter 6, Overview of the audit of financial reports
Lecture slide ,chapter 6, Overview of the audit of financial reports
Sazzad Hossain, ITP, MBA, CSCA™
Lecture 10, chap 16, Chapter 16, Auditing Inventories and property, plant an...
Lecture 10, chap 16, Chapter 16, Auditing Inventories and property, plant an...
Sazzad Hossain, ITP, MBA, CSCA™
2. engagement letter
2. engagement letter
Syed Osama Rizvi
Chapter 12 - Designing Substantive Procedures
Chapter 12 - Designing Substantive Procedures
Sazzad Hossain, ITP, MBA, CSCA™
Audit of the inventory and warehousing cycle
Audit of the inventory and warehousing cycle
sellyhood
Topic 2 objectives and scope of financial statement audit
Topic 2 objectives and scope of financial statement audit
sakura rena
Substantive Procedures - AUDITING STUDY NOTES
Substantive Procedures - AUDITING STUDY NOTES
MUHAMMAD HUZAIFA CHAUDHARY
Foreign currency transactions and hedging
Foreign currency transactions and hedging
acctg2012
Audit of the sales and collection cycle
Audit of the sales and collection cycle
sellyhood
521974482-AUDITING-and-ASSURANCE-Specialized-Industries-1.pptx
521974482-AUDITING-and-ASSURANCE-Specialized-Industries-1.pptx
OliviaCelestine
FRAUD - AUDITING STUDY NOTES
FRAUD - AUDITING STUDY NOTES
MUHAMMAD HUZAIFA CHAUDHARY
Internal controls in auditing
Internal controls in auditing
Hardik Shah
Materiality
Materiality
Darryl Woolley
Chapter 1 auditing and internal control
Chapter 1 auditing and internal control
Tommy Zul Hidayat
What's hot
(20)
Lecture 11, Chapter 18, Completing the audit
Lecture 11, Chapter 18, Completing the audit
Audit of the acquisition and payment cycle
Audit of the acquisition and payment cycle
Lecture slide, chapter 5, The Auditor’s Legal Liability
Lecture slide, chapter 5, The Auditor’s Legal Liability
Chapter audit report
Chapter audit report
Lecture slide, chapter 3,Professional Ethics, Independence and Audit Quality
Lecture slide, chapter 3,Professional Ethics, Independence and Audit Quality
Auditing investments
Auditing investments
Lecture slide ,chapter 6, Overview of the audit of financial reports
Lecture slide ,chapter 6, Overview of the audit of financial reports
Lecture 10, chap 16, Chapter 16, Auditing Inventories and property, plant an...
Lecture 10, chap 16, Chapter 16, Auditing Inventories and property, plant an...
2. engagement letter
2. engagement letter
Chapter 12 - Designing Substantive Procedures
Chapter 12 - Designing Substantive Procedures
Audit of the inventory and warehousing cycle
Audit of the inventory and warehousing cycle
Topic 2 objectives and scope of financial statement audit
Topic 2 objectives and scope of financial statement audit
Substantive Procedures - AUDITING STUDY NOTES
Substantive Procedures - AUDITING STUDY NOTES
Foreign currency transactions and hedging
Foreign currency transactions and hedging
Audit of the sales and collection cycle
Audit of the sales and collection cycle
521974482-AUDITING-and-ASSURANCE-Specialized-Industries-1.pptx
521974482-AUDITING-and-ASSURANCE-Specialized-Industries-1.pptx
FRAUD - AUDITING STUDY NOTES
FRAUD - AUDITING STUDY NOTES
Internal controls in auditing
Internal controls in auditing
Materiality
Materiality
Chapter 1 auditing and internal control
Chapter 1 auditing and internal control
Viewers also liked
Cash & cash equivalents
Cash & cash equivalents
Karryl Ursua
Chapter 3 (2)
Chapter 3 (2)
Nur Dalila Zamri
Financial Statements Audit
Financial Statements Audit
Salih Islam
Topic 2 objectives and scope of financial statement audit
Topic 2 objectives and scope of financial statement audit
sakura rena
Chapter 7
Chapter 7
Nur Dalila Zamri
Audit presentation
Audit presentation
Metafrique group
Chap 7 cash and cash equivalents
Chap 7 cash and cash equivalents
Hazel Sarmiento
SERVICE TAX RETURN FILLING
SERVICE TAX RETURN FILLING
Legal Raasta
Role of CAs in PBPT; Taxation Laws (2nd Amendment) Act 2016
Role of CAs in PBPT; Taxation Laws (2nd Amendment) Act 2016
CA. Pramod Jain
Managerial Accounting ppt Lecture 1
Managerial Accounting ppt Lecture 1
Helen Wong
CA Varun Sethi Ind AS 20 - Accounting for Government Grants
CA Varun Sethi Ind AS 20 - Accounting for Government Grants
Varun Sethi
Topic 8 audit of revenue & receipts cycle + acc receivable
Topic 8 audit of revenue & receipts cycle + acc receivable
sakura rena
0b03d advanced auditing full notes for ca final by surabhi bansal
0b03d advanced auditing full notes for ca final by surabhi bansal
jawad1163
Highlights on changes in Audit Report under Companies Act, 2013
Highlights on changes in Audit Report under Companies Act, 2013
Mitesh Katira
Statutory Audit Notes for CA Students
Statutory Audit Notes for CA Students
QLI
Business Plan XFinans
Business Plan XFinans
Stein A. Solstrand
Centricity CPS - Techniques to Effectively Manage Accounts Receivable - chug ...
Centricity CPS - Techniques to Effectively Manage Accounts Receivable - chug ...
Kirk Fahlberg
Statutory Compliance Audit Process
Statutory Compliance Audit Process
ashwiniarondkar
Auditing by CIS . Chapter 6
Auditing by CIS . Chapter 6
Sharah Ayumi
Pre statutory audit - checklist
Pre statutory audit - checklist
CA MUKESH TYAGI
Viewers also liked
(20)
Cash & cash equivalents
Cash & cash equivalents
Chapter 3 (2)
Chapter 3 (2)
Financial Statements Audit
Financial Statements Audit
Topic 2 objectives and scope of financial statement audit
Topic 2 objectives and scope of financial statement audit
Chapter 7
Chapter 7
Audit presentation
Audit presentation
Chap 7 cash and cash equivalents
Chap 7 cash and cash equivalents
SERVICE TAX RETURN FILLING
SERVICE TAX RETURN FILLING
Role of CAs in PBPT; Taxation Laws (2nd Amendment) Act 2016
Role of CAs in PBPT; Taxation Laws (2nd Amendment) Act 2016
Managerial Accounting ppt Lecture 1
Managerial Accounting ppt Lecture 1
CA Varun Sethi Ind AS 20 - Accounting for Government Grants
CA Varun Sethi Ind AS 20 - Accounting for Government Grants
Topic 8 audit of revenue & receipts cycle + acc receivable
Topic 8 audit of revenue & receipts cycle + acc receivable
0b03d advanced auditing full notes for ca final by surabhi bansal
0b03d advanced auditing full notes for ca final by surabhi bansal
Highlights on changes in Audit Report under Companies Act, 2013
Highlights on changes in Audit Report under Companies Act, 2013
Statutory Audit Notes for CA Students
Statutory Audit Notes for CA Students
Business Plan XFinans
Business Plan XFinans
Centricity CPS - Techniques to Effectively Manage Accounts Receivable - chug ...
Centricity CPS - Techniques to Effectively Manage Accounts Receivable - chug ...
Statutory Compliance Audit Process
Statutory Compliance Audit Process
Auditing by CIS . Chapter 6
Auditing by CIS . Chapter 6
Pre statutory audit - checklist
Pre statutory audit - checklist
Similar to Audit of Cash Balances
ucan2fs
ucan2fs
Harmik Poghossian
Ucan2fs Bus Opp Presentation
Ucan2fs Bus Opp Presentation
Harmik Poghossian
“California Competes” Credit Application
“California Competes” Credit Application
O'Connor Davies CPAs
Acct 220 homework and quizzes
Acct 220 homework and quizzes
arnitaetsitty
Credit 101 presentation
Credit 101 presentation
Blue Water Credit
Financial and Managerial Accounting 18th Edition Williams Solutions Manual
Financial and Managerial Accounting 18th Edition Williams Solutions Manual
DakotaFredericks
Commercial & Industrial Debt Restructuring Checklist
Commercial & Industrial Debt Restructuring Checklist
CBIZ, Inc.
Real diaper funding 10.15.10
Real diaper funding 10.15.10
Real Diaper Industry Association
Resolve to be a CPA in 2023. 4 exams I 12-16 months.pdf
Resolve to be a CPA in 2023. 4 exams I 12-16 months.pdf
Vipin Uppal
Understanding Your Credit Report and Score
Understanding Your Credit Report and Score
Springboard
Ch16 bb
Ch16 bb
Samantha Shao
RESUME Becky Beth
RESUME Becky Beth
Becky Beth
Sbs Credit Services 2012 Presentation
Sbs Credit Services 2012 Presentation
sbscredit
Cash
Cash
AiraRebuyon
FM2-Brooks_3e_ppt_02.pdf
FM2-Brooks_3e_ppt_02.pdf
messouab1
Citadel cndtn2020
Citadel cndtn2020
Panayotis Sofianopoulos
Bulletin #56 - Changes to Québec Provincial R&D Tax Credits
Bulletin #56 - Changes to Québec Provincial R&D Tax Credits
Scitax Advisory Partners LP
Chap020
Chap020
Morten Andersen
Lec 3 Debit Credit Rules General Journal.pptx
Lec 3 Debit Credit Rules General Journal.pptx
pal83111
Bill,facotr
Bill,facotr
anusha230
Similar to Audit of Cash Balances
(20)
ucan2fs
ucan2fs
Ucan2fs Bus Opp Presentation
Ucan2fs Bus Opp Presentation
“California Competes” Credit Application
“California Competes” Credit Application
Acct 220 homework and quizzes
Acct 220 homework and quizzes
Credit 101 presentation
Credit 101 presentation
Financial and Managerial Accounting 18th Edition Williams Solutions Manual
Financial and Managerial Accounting 18th Edition Williams Solutions Manual
Commercial & Industrial Debt Restructuring Checklist
Commercial & Industrial Debt Restructuring Checklist
Real diaper funding 10.15.10
Real diaper funding 10.15.10
Resolve to be a CPA in 2023. 4 exams I 12-16 months.pdf
Resolve to be a CPA in 2023. 4 exams I 12-16 months.pdf
Understanding Your Credit Report and Score
Understanding Your Credit Report and Score
Ch16 bb
Ch16 bb
RESUME Becky Beth
RESUME Becky Beth
Sbs Credit Services 2012 Presentation
Sbs Credit Services 2012 Presentation
Cash
Cash
FM2-Brooks_3e_ppt_02.pdf
FM2-Brooks_3e_ppt_02.pdf
Citadel cndtn2020
Citadel cndtn2020
Bulletin #56 - Changes to Québec Provincial R&D Tax Credits
Bulletin #56 - Changes to Québec Provincial R&D Tax Credits
Chap020
Chap020
Lec 3 Debit Credit Rules General Journal.pptx
Lec 3 Debit Credit Rules General Journal.pptx
Bill,facotr
Bill,facotr
Recently uploaded
Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...
Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...
Call Girls Mumbai
Technology industry / Finnish economic outlook
Technology industry / Finnish economic outlook
TechFinland
Call Girls in Tilak Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in Tilak Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
9953056974 Low Rate Call Girls In Saket, Delhi NCR
Bhubaneswar🌹Kalpana Mesuem ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswa...
Bhubaneswar🌹Kalpana Mesuem ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswa...
Call Girls Mumbai
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...
batoole333
Thane Call Girls , 07506202331 Kalyan Call Girls
Thane Call Girls , 07506202331 Kalyan Call Girls
Priya Reddy
✂️ 👅 Independent Bhubaneswar Escorts Odisha Call Girls With Room Bhubaneswar ...
✂️ 👅 Independent Bhubaneswar Escorts Odisha Call Girls With Room Bhubaneswar ...
Call Girls Mumbai
Vip Call Girls Bhubaneswar😉 Bhubaneswar 9777949614 Housewife Call Girls Serv...
Vip Call Girls Bhubaneswar😉 Bhubaneswar 9777949614 Housewife Call Girls Serv...
Call Girls Mumbai
Kopar Khairane Cheapest Call Girls✔✔✔9833754194 Nerul Premium Call Girls-Navi...
Kopar Khairane Cheapest Call Girls✔✔✔9833754194 Nerul Premium Call Girls-Navi...
priyasharma62062
Toronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdf
JinJiang6
Virar Best Sex Call Girls Number-📞📞9833754194-Poorbi Nalasopara Housewife Cal...
Virar Best Sex Call Girls Number-📞📞9833754194-Poorbi Nalasopara Housewife Cal...
priyasharma62062
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
Henry Tapper
Call Girls In Kolkata-📞7033799463-Independent Escorts Services In Dam Dam Air...
Call Girls In Kolkata-📞7033799463-Independent Escorts Services In Dam Dam Air...
rakulpreet584566
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
kojalpk89
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...
sanakhan51485
Strategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate Presentation
Adnet Communications
fundamentals of corporate finance 11th canadian edition test bank.docx
fundamentals of corporate finance 11th canadian edition test bank.docx
ssuserf63bd7
Test bank for advanced assessment interpreting findings and formulating diffe...
Test bank for advanced assessment interpreting findings and formulating diffe...
robinsonayot
Webinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech Belgium
FinTech Belgium
Female Russian Escorts Mumbai Call Girls-((ANdheri))9833754194-Jogeshawri Fre...
Female Russian Escorts Mumbai Call Girls-((ANdheri))9833754194-Jogeshawri Fre...
priyasharma62062
Recently uploaded
(20)
Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...
Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...
Technology industry / Finnish economic outlook
Technology industry / Finnish economic outlook
Call Girls in Tilak Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in Tilak Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
Bhubaneswar🌹Kalpana Mesuem ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswa...
Bhubaneswar🌹Kalpana Mesuem ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswa...
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...
Thane Call Girls , 07506202331 Kalyan Call Girls
Thane Call Girls , 07506202331 Kalyan Call Girls
✂️ 👅 Independent Bhubaneswar Escorts Odisha Call Girls With Room Bhubaneswar ...
✂️ 👅 Independent Bhubaneswar Escorts Odisha Call Girls With Room Bhubaneswar ...
Vip Call Girls Bhubaneswar😉 Bhubaneswar 9777949614 Housewife Call Girls Serv...
Vip Call Girls Bhubaneswar😉 Bhubaneswar 9777949614 Housewife Call Girls Serv...
Kopar Khairane Cheapest Call Girls✔✔✔9833754194 Nerul Premium Call Girls-Navi...
Kopar Khairane Cheapest Call Girls✔✔✔9833754194 Nerul Premium Call Girls-Navi...
Toronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdf
Virar Best Sex Call Girls Number-📞📞9833754194-Poorbi Nalasopara Housewife Cal...
Virar Best Sex Call Girls Number-📞📞9833754194-Poorbi Nalasopara Housewife Cal...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
Call Girls In Kolkata-📞7033799463-Independent Escorts Services In Dam Dam Air...
Call Girls In Kolkata-📞7033799463-Independent Escorts Services In Dam Dam Air...
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...
Strategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate Presentation
fundamentals of corporate finance 11th canadian edition test bank.docx
fundamentals of corporate finance 11th canadian edition test bank.docx
Test bank for advanced assessment interpreting findings and formulating diffe...
Test bank for advanced assessment interpreting findings and formulating diffe...
Webinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech Belgium
Female Russian Escorts Mumbai Call Girls-((ANdheri))9833754194-Jogeshawri Fre...
Female Russian Escorts Mumbai Call Girls-((ANdheri))9833754194-Jogeshawri Fre...
Audit of Cash Balances
1.
CHAPTER 20 Audit of
Cash Balances 20 - 1 Copyright © 2003 Pearson Education Canada Inc.
2.
What are the
auditor’s primary concerns with regard to cash? 20 - 2 Copyright © 2003 Pearson Education Canada Inc.
3.
What are the
auditor’s primary concerns with regard to cash? - existence 20 - 3 Copyright © 2003 Pearson Education Canada Inc.
4.
What are the
auditor’s primary concerns with regard to cash? - existence - completeness 20 - 4 Copyright © 2003 Pearson Education Canada Inc.
5.
What are the
auditor’s primary concerns with regard to cash? - existence - completeness - physical control 20 - 5 Copyright © 2003 Pearson Education Canada Inc.
6.
What are the
auditor’s primary concerns with regard to cash? - existence - completeness - physical control - presentation and disclosure 20 - 6 Copyright © 2003 Pearson Education Canada Inc.
7.
Cash Audit Procedures perform analytical procedures to
test the reasonableness of cash balances 20 - 7 Copyright © 2003 Pearson Education Canada Inc.
8.
Cash Audit Procedures Enquire
of management regarding any cash requirements or restrictions from debt agreements. 20 - 8 Copyright © 2003 Pearson Education Canada Inc.
9.
What is kiting? 20
- 9 Copyright © 2003 Pearson Education Canada Inc.
10.
What is kiting? Kiting
is an irregularity whereby an overstatement of cash is created by a cash transfer between bank accounts. 20 - 10 Copyright © 2003 Pearson Education Canada Inc.
11.
What is kiting? Kiting
is an irregularity whereby an overstatement of cash is created by a cash transfer between bank accounts. The deposit is recorded in cash receipts but the disbursement is not recorded in cash disbursements. 20 - 11 Copyright © 2003 Pearson Education Canada Inc.
12.
Kiting example On 12/31,
Ace’s bookkeeper writes a $5,000 cheque on the National Bank and deposits the cheque in the Canadian Bank account. National Ace Co. Ace Co. 12/31 5000 Canadian National 20 - 12 Copyright © 2003 Pearson Education Canada Inc.
13.
Kiting example On 12/31,
Ace’s bookkeeper writes a $5,000 cheque on the National Bank and deposits the cheque in the Canadian Bank account. The bookkeeper records the deposit in the cash receipts journal but does not record the cheque in the cash payments journal. He also fails to list the cheque as outstanding on the National Bank reconciliation. cash receipts journal description _ $$ _ Dec. 31, 2004 Misc. revenue 5000 cash payments journal description _ $$ _ Dec.31, 2004 - no activity 20 - 13 Copyright © 2003 Pearson Education Canada Inc.
14.
Kiting example On 12/31,
Ace’s bookkeeper writes a $5,000 cheque on the National Bank and deposits the cheque in the Canadian Bank account. National National will not be aware of the cheque until notification from Canadian, probably during the first few days of January. Canadian 20 - 14 Copyright © 2003 Pearson Education Canada Inc.
15.
Kiting example On 12/31,
Ace’s bookkeeper writes a $5,000 cheque on the National Bank and deposits the cheque in the Canadian Bank account. National National will not be aware of the cheque until notification from Canadian, probably during the first few days of January. As a result of the deposit, Canadian will increase Ace’s account on 12/31. Canadian 20 - 15 Copyright © 2003 Pearson Education Canada Inc.
16.
On 12/31, Ace’s
bookkeeper writes a $5,000 cheque on the National Bank and deposits the cheque in the Canadian Bank account. National will not be aware of National the cheque until notification from Canadian, probably during the first few days of January. As a result of the deposit, Canadian will increase Ace’s account on 12/31. Canadian As a consequence, the bank records will reflect a $5,000 cash overstatement for a few days until the cheque clears. December bank statements will also support this overstatement. 20 - 16 Copyright © 2003 Pearson Education Canada Inc.
17.
From an internal
control perspective, why does kiting occur? 20 - 17 Copyright © 2003 Pearson Education Canada Inc.
18.
From an internal
control perspective, why does kiting occur? inadequate segregation of duties between accounting and cash custody 20 - 18 Copyright © 2003 Pearson Education Canada Inc.
19.
What effect is
changing technology having on the likelihood of kiting? 20 - 19 Copyright © 2003 Pearson Education Canada Inc.
20.
What effect is
changing technology having on the likelihood of kiting? Kiting is becoming less likely because the “float” is shrinking; i.e., cheques clear banks faster than in the past. 20 - 20 Copyright © 2003 Pearson Education Canada Inc.
21.
What audit procedures may
detect kiting? 20 - 21 Copyright © 2003 Pearson Education Canada Inc.
22.
What audit procedures may
detect kiting? tests related to the cutoff bank statement and schedule of bank transfers 20 - 22 Copyright © 2003 Pearson Education Canada Inc.
23.
Cash Audit Procedures Obtain
a bank cutoff statement directly from the bank. ? 20 - 23 Copyright © 2003 Pearson Education Canada Inc.
24.
Cash Audit Procedures Obtain
a bank cutoff statement directly from the bank. A bank cutoff statement is prepared ten business days after the balance sheet date. 20 - 24 Copyright © 2003 Pearson Education Canada Inc.
25.
Cash Audit Procedures Obtain
a bank cutoff statement directly from the bank. A bank cutoff statement is prepared ten business days after the balance sheet date. Most items that were outstanding at year-end have cleared when the cutoff statement is prepared (cheques, deposits). 20 - 25 Copyright © 2003 Pearson Education Canada Inc.
26.
Cash Audit Procedures Obtain
a bank cutoff statement directly from the bank. Trace all cheques, deposits, and other cash changes from the cutoff statement to cash receipts and disbursements records, paying particular attention to dates and amounts. 20 - 26 Copyright © 2003 Pearson Education Canada Inc.
27.
Cash Audit Procedures Prepare
a schedule of bank transfers showing all transfers between the client’s bank accounts during the last week of the audit period and the first week of the subsequent period. 20 - 27 Copyright © 2003 Pearson Education Canada Inc.
28.
Cash Audit Procedures Prepare
a schedule of bank transfers showing all transfers between the client’s bank accounts during the last week of the audit period and the first week of the subsequent period. The schedule should be prepared using cash receipts and payments journals, year-end reconciliation, year-end bank statement, and cutoff bank statement. 20 - 28 Copyright © 2003 Pearson Education Canada Inc.
29.
Cash Audit Procedures Obtain
or prepare a year-end bank reconciliation or proof of cash for each client bank account. 20 - 29 Copyright © 2003 Pearson Education Canada Inc.
30.
Cash Audit Procedures Obtain
or prepare a year-end bank reconciliation or proof of cash for each client bank account. What is a proof of cash? 20 - 30 Copyright © 2003 Pearson Education Canada Inc.
31.
Cash Audit Procedures Obtain
or prepare a year-end bank reconciliation or proof of cash for each client bank account. A proof of cash is a working paper prepared by the auditor to reconcile the bank’s record of the client’s beginning balance, cash deposits, cleared cheques, and ending balance for the period with the client’s records. 20 - 31 Copyright © 2003 Pearson Education Canada Inc.
32.
Cash Audit Procedures Obtain
or prepare a year-end bank reconciliation or proof of cash for each client bank account. Trace amounts to the schedule of bank transfers, cash receipts and payments journals, year-end reconciliation, year-end bank statement, and cutoff bank statement. 20 - 32 Copyright © 2003 Pearson Education Canada Inc.
33.
What will a
bank reconciliation help the auditor determine? 20 - 33 Copyright © 2003 Pearson Education Canada Inc.
34.
What will a
bank reconciliation help the auditor determine? - whether all client cash receipts have been deposited cash receipts journal description _ $$ _ Dec. 31, 2004 Misc. revenue 5000 Canadian 20 - 34 Copyright © 2003 Pearson Education Canada Inc.
35.
What will a
bank reconciliation help the auditor determine? - whether all bank deposits have been recorded in client cash receipts records cash receipts journal description _ $$ _ Dec. 31, 2004 Misc. revenue 5000 Canadian 20 - 35 Copyright © 2003 Pearson Education Canada Inc.
36.
What will a
bank reconciliation help the auditor determine? - whether all client cash payments have been paid by the bank cash payments journal description _ $$ _ Dec. 31, 2004 Misc. expense 5000 Canadian 20 - 36 Copyright © 2003 Pearson Education Canada Inc.
37.
What will a
bank reconciliation help the auditor determine? - whether all bank payments have been recorded in client cash payments records cash payments journal description _ $$ _ Dec. 31, 2004 Misc. expense 5000 Canadian 20 - 37 Copyright © 2003 Pearson Education Canada Inc.
38.
What will not
be detected by a bank reconciliation? 20 - 38 Copyright © 2003 Pearson Education Canada Inc.
39.
What will not
be detected by a bank reconciliation? - unrecorded cheques that have not cleared the bank (possible kiting) 20 - 39 Copyright © 2003 Pearson Education Canada Inc.
40.
What will not
be detected by a bank reconciliation? - unrecorded cheques that have not cleared the bank (possible kiting) - unrecorded deposits that have not cleared the bank 20 - 40 Copyright © 2003 Pearson Education Canada Inc.
41.
What will not
be detected by a bank reconciliation? - unrecorded cheques that have not cleared the bank (possible kiting) - unrecorded deposits that have not cleared the bank - cheques written for incorrect amounts 20 - 41 Copyright © 2003 Pearson Education Canada Inc.
42.
Cash Audit Procedures BANK Confirm
all cash balances held by third parties, such as banks and other financial institutions. 20 - 42 Copyright © 2003 Pearson Education Canada Inc.
43.
Cash Audit Procedures Confirm
all cash balances held by third parties, such as banks and other financial institutions. possibly through use of the standard bank confirmation 20 - 43 Copyright © 2003 Pearson Education Canada Inc.
44.
Cash Audit Procedures Count
all cash on hand at the client’s premises. If cash is located in multiple places, count cash simultaneously to avoid double counting. 20 - 44 Copyright © 2003 Pearson Education Canada Inc.
45.
Cash Audit Procedures Review
cutoff of cash receipts and disbursements. 20 - 45 Copyright © 2003 Pearson Education Canada Inc.
46.
Cash Audit Procedures Account
for the numeric sequence of cancelled cheques. Investigate missing cheques. Ace Company 6462 Ace Company 6461 Ace Company 6459 Ace Company Ace Company 6458 ? 6457 NATIONAL BANK 20 - 46 Copyright © 2003 Pearson Education Canada Inc.
47.
Cash Audit Procedures Review
monthly client-prepared bank reconciliations. 20 - 47 Copyright © 2003 Pearson Education Canada Inc.
48.
Cash Audit Procedures Investigate
any cheques made out to cash or bearer. Ace Company 6458 CASH NATIONAL BANK 20 - 48 Copyright © 2003 Pearson Education Canada Inc.
49.
Cash Audit Procedures Investigate
any cheques that were returned by the bank because the client account had insufficient funds. Ace Company 6458 F S N NATIONAL BANK 20 - 49 Copyright © 2003 Pearson Education Canada Inc.
50.
Cash Audit Procedures Review
and recalculate translations of foreign currencies. 20 - 50 Copyright © 2003 Pearson Education Canada Inc.
51.
Cash Audit Procedures Trace
a sample of entries from cash receipts journal to a/r subsidiary ledger cash receipts journal description _ $$ _ May 23, 2004 ABC Vending 23,000 ___a/r subsidiary customer _ $$ _ ABC Vending 78,660 5/23/04 payment 23,000 balance 55,660 20 - 51 Copyright © 2003 Pearson Education Canada Inc.
52.
Cash Audit Procedures Trace
a sample of entries from cash receipts journal to a/r subsidiary ledger to bank statements cash receipts journal description _ $$ _ May 23, 2004 ABC Vending 23,000 ___a/r subsidiary customer _ $$ _ ABC Vending 78,660 5/23/04 payment 23,000 balance 55,660 Bank Statement 5/31/04 Deposits: 5/23 $23,000 20 - 52 Copyright © 2003 Pearson Education Canada Inc.
53.
Cash Audit Procedures Trace
a sample of entries from cash receipts journal to a/r subsidiary ledger to bank statements to deposit slips. cash receipts journal description _ $$ _ May 23, 2004 ABC Vending 23,000 Bank Statement 5/31/04 Deposits: 5/23 $23,000 ___a/r subsidiary customer _ $$ _ ABC Vending 78,660 5/23/04 payment 23,000 balance 55,660 Deposit Slip 5/23/04 23,000 20 - 53 Copyright © 2003 Pearson Education Canada Inc.
54.
Cash Audit Procedures Trace
a sample of entries from cash payments journal to a/p subsidiary ledger cash payments journal description _ $$ _ January 23, 2004 a/p payment to MGB Corp. 4,300 a/p subsidiary vendor _ $$ _ MGB Corp 8,780 1/23/04 payment 4,300 balance 4,480 20 - 54 Copyright © 2003 Pearson Education Canada Inc.
55.
Cash Audit Procedures Trace
a sample of entries from cash payments journal to a/p subsidiary ledger to bank statement cash payments journal description _ $$ _ January 23, 2004 a/p payment to MGB Corp. 4300 Bank Statement 1/31/04 a/p subsidiary vendor _ $$ _ MGB Corp 8,780 1/23/04 payment 4,300 balance 4,480 Deposits: Payments: 1/26 $4300 20 - 55 Copyright © 2003 Pearson Education Canada Inc.
56.
Cash Audit Procedures Trace
a sample of entries from cash payments journal to a/p subsidiary ledger to bank statement to cancelled cheques. cash payments journal description _ $$ _ January 23, 2004 a/p payment to MGB Corp. 4300 Bank Statement 1/31/04 Deposits: a/p subsidiary vendor _ $$ _ MGB Corp 8,780 1/23/04 payment 4,300 balance 4,480 Ace Company MGB Corp. Payments: 4512 1/23/04 4300 NATIONAL BANK 1/26 $4300 20 - 56 Copyright © 2003 Pearson Education Canada Inc.
Download now