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1. SAP - Cash - AP1 Substantive Audit Program-Cash Balances...

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AP-1 Substantive Audit Program - Cash Balances  Assertions: Begin with the list of assertions below and add others as you think appropriate.  Then write  your audit program to test those assertions.  1. The amount of cash is not materially more than the amount shown on the balance  sheet. 2. All cash has been recorded. 3. Cash is correctly shown as a current asset. 4. Cash is not restricted to noncurrent use. 5. All deposits in the bank were recorded in the accounting records. 6. All recorded cash disbursements were paid by the bank. 7. All amounts that were paid by the bank were recorded. Program Steps: 1. Existence or Occurrence Investigate all significant checks included on the outstanding check list that have  not cleared the bank on the cutoff statement.  Trace deposit in transit to the cutoff bank statement.
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