The following questions deal with discovering fraud in auditing year-end cash. Choose the best response. a. Which of the following cash transfers results in a misstatement of cash at December 31, 2019? BANK TRANSFER SCHEDULE Disbursements Receipt Transfer Recorded in…
Month:
Which of the following controls would most likely detect a kiting scheme? (1) Preparing a bank reconciliation (2) Using a lockbox system for customer receipts (3) Comparing the details of deposit tickets and recorded remittance advices (4) Preparing a bank tr
The following questions concern auditing year-end cash and financial instruments. Choose the best response. a. Which of the following controls would most likely detect a kiting scheme? (1) Preparing a bank reconciliation (2) Using a lockbox system for customer receipts…
A check was omitted from the outstanding check list on the June 30 bank reconcilia- tion. It cleared the bank July 7. 2. Cash receipts collected on accounts receivable from July 1 to July 5 were included as June 29 and 30 cash receipts.
The following are misstatements that might be found in the client’s year-end cash balance (assume that the balance sheet date is June 30): 1. A check was omitted from the outstanding check list on the June 30 bank reconcilia- tion.…
Obtain a standard bank confirmation from each bank with which the client does business. 2. Compare the balance on the bank reconciliation obtained from the client with the bank confirmation.
The following audit procedures are concerned with tests of details of general cash and financial instruments balances: 1. Obtain a standard bank confirmation from each bank with which the client does business. 2. Compare the balance on the bank reconciliation…
You are auditing general cash for the Pittsburgh Supply Company for the fiscal year ended July 31, 2019. The client has not prepared the July 31 bank reconciliation. After a brief discussion with the owner, you agr
You are auditing general cash for the Pittsburgh Supply Company for the fiscal year ended July 31, 2019. The client has not prepared the July 31 bank reconciliation. After a brief discussion with the owner, you agree to prepare the…
The Four Pillars of U.S. Government The federal government of the United States was constructed using the directions provided in the U.S. Constitution. Our Founding Fathers had the wisdom and foresight to create a very flexible and intelligently structured government framework that has endured. The entire A
The Four Pillars of U.S. Government The federal government of the United States was constructed using the directions provided in the U.S. Constitution. Our Founding Fathers had the wisdom and foresight to create a very flexible and intelligently structured government…
In verifying each bank transfer, state the appropriate audit procedures you should perform. b. Prepare any adjusting entries required in the home office records.
In the audit of the Regional Transport Company, a large branch that maintains its own bank account, cash is periodically transferred to the central account in Cedar Rapids. On the branch account’s records, bank transfers are recorded as a debit…
The auditor suspects that a lapping scheme exists because an accounting department employee who has access to cash receipts also maintains the accounts receivable led- ger and refuses to take
The following are various potential misstatements due to errors or fraud (1 through 7), and a list of auditing procedures (a. through h.) the auditor would consider performing to gather evidence to determine whether the error or fraud is present.…
ata-driven decision-making – CA.pdf contains the brief and questions for your assignment. 201306-citibike-tripdata.csv. is the file containing the data you will be asked to work on.
Below you will find 2 files: Data-driven decision-making – CA.pdf and 201306-Citi bike-tripdata.csv. Data-driven decision-making – CA.pdf contains the brief and questions for your assignment. 201306-citibike-tripdata.csv. is the file containing the data you will be asked to work on. Record…
Select a friend group to which you belong and, in anthropological terms, examine said friend group. What are the social characteristics at play? What is required for membership? What activities do you and your friend g
Over the last two weeks, we have focused on family, specifically our own. This week, lets focus on our friends . Select a friend group to which you belong and, in anthropological terms, examine said friend group. What are the…