The cut-off bank statement is used by the auditor to address which of the following concerns?
A. Lapping
B. Kiting
C. Omitting outstanding checks on reconciliations
D. All of the above
Answer: C
The cut-off bank statement is used by the auditor to address which of the following concerns?
A. Lapping
B. Kiting
C. Omitting outstanding checks on reconciliations
D. All of the above
Answer: C
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