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Audit
?
During the audit of XYZ Co. client management informs the auditor that they have two bank accounts both with a minimal balance in them. As the auditor you should
believe the client as a minimal balance is too small to worry about
tell management they are being dishonest, last year there were three accounts
ask the client staff that reconciles the bank accounts if they agree with management
prepare a bank confirmation and have the bank confirm the number of accounts
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (D)
prepare a bank confirmation and have the bank confirm the number of accounts
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During the audit of XYZ Co. client management informs the auditor that they have two bank accounts both with a minimal balance in them. As the auditor...
