What is one approach used by auditors to test for kiting?
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total answers (1)
total answers (1)
CMA (Certified Management Accountant)
- An approach used by auditors to test for kiting is the preparation of an interbank transfer schedule.
- With an interbank transfer schedule, the auditor tests the dates of cash disbursements and the cash receipt for each transfer to assure that the transfer is properly recorded.
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