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Substantive Testing for Cash Audits by Marie is a document available to read on EtoBox.
What is Substantive Testing for Cash Audits about?
Substantive testing of cash involves tests of completeness, valuation or allocation, and rights and obligations. Tests of completeness include obtaining bank cutoff statements, examining bank reconciliations, and preparing proofs of cash. Tests of valuation or allocation include confirming cash balances directly with banks. Tests of rights and obligations include reading board meeting minutes and verifying authorized bank account signatories.
- Author
- Marie
- Language
- EN