Following are the points considered during the verification of-00154
Following are the points considered during the verification of bank balances EXCEPT:
This multiple choice question (MCQ) is related to the book/course
vu acc311 Fundamentals of Auditing.
It can also be found in
vu acc311 Mid Term - Quiz No.3.
Following are the points considered during the verification of bank balances EXCEPT:
Obtain direct bank confirmation Obtain direct bank confirmation
Investigate about outstanding stale cheques
Investigate any significant reconciling items of an unusual nature in
Ensure that the creditors have been paid for their loan amount
