For each of the following audit procedures (1 through 5) used to test controls over cash receipts, match the audit proce
Posted: Sun Jul 03, 2022 1:07 pm
For each of the following audit procedures (1 through 5) used totest controls over cash receipts, match the audit procedure to thecorrect control objective (A through F) and place the identifyingletter in the space provided. A. Validity B. Completeness C.Authorization D. Accuracy E. Classification F. Proper periodaccounting ____ i. Compare dates in the cash receipts journal andthe prelisting of cash receipts with dates of deposits ____ ii.Trace from daily cash reports to the cash receipts journal. ____iii. Trace entries from cash receipts journal to the bankstatement. ____ iv. Review monthly bank reconciliations. ____ v.Foot the cash receipts journal and trace the postings to thegeneral ledger and the accounts receivable subsidiary ledger toensure transaction are recorded in the correct accountingmonth.