Q:

What offsets the analytical procedures of limited use in the audit of the cash balance?

belongs to book: AUDITING & ASSURANCE SERVICES | A Systematic Approach|William F.Messier, Steven M.Glover, Douglas F. Prawitt|10th Edition| Chapter number:16| Question number:16.7

Ibrahimhamm

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2022-07-02

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Ibrahimhamm

2022-07-02

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This limited use of analytical procedures is normally offset by:
extensive tests of controls and/or substantive tests of transactions for cash receipts and cash disbursements or
extensive tests of the entity's bank reconciliations.

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