Term
| Obtain analyses of cash balances and reconcile them to the general ledger |
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Definition
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Term
| Confirm cash balances with financial institutions |
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Definition
| existence, occurrence, accuracy, cutoff, rights |
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Term
| . Obtain or prepare reconciliations of bank (financial institution) accounts as of the balance sheet date and consider the need to reconcile bank activity for additional months. |
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Definition
| existence, occurrence, accuracy, cutoff, rights |
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Term
| Obtain a cutoff bank statement containing transactions of at least seven business days subsequent to balance sheet date. |
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Definition
| existence, occurrence, accuracy, cutoff, rights |
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Term
| . Count and list cash on hand |
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Definition
| existence, occurrence, accuracy, cutoff, rights |
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Term
| Verify the client’s cutoff of cash receipts and cash disbursements |
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Definition
| cutoff, existence, occurrence, rights, completeness |
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Term
| Analyze bank transfers for the last week of audit year and the first week of following year. |
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Definition
| cutoff, existence, occurrence, rights, completeness |
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Term
| . Investigate any checks representing large or unusual payments to related parties |
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Definition
| presentation and disclosure |
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Term
| Evaluate proper financial statement presentation and disclosure of cash. |
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Definition
| presentation and disclosure |
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