Which of the following would the auditor consider to be an incompatible

Which of the following would the auditor consider to

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57. Which of the following would the auditor consider to be an incompatible operation if the cashier receives remittances? A. The cashier prepares the daily deposit.B. The cashier makes the daily deposit at a local bank.C. The cashier posts the receipts to the accounts receivable subsidiary ledger cards.D. The cashier endorses the checks.58. Which of the following is an effective audit procedure that an auditor might use to detect kiting between intercompany banks?
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59. Immediately upon receipt of cash, a responsible employee should 60. Each morning the controller gets the prior day's listing of remittances, a copy of the payment report, and a copy of the deposit slip returned from the bank. When comparing these items, the controller would be able to determine that 61. Upon receipt of customers' checks in the mail room, a responsible employee should prepare a remittance list that is forwarded to the cashier. A copy of the listing should be sent to the A. Internal auditor to investigate the list for unusual transactions.B. Treasurer to compare the list with the monthly bank statement.C. Accounts receivable bookkeeper to update the subsidiary accounts receivable records.D. Entity's bank to compare the list with the cashier's deposit slip.62. Cash receipts from sales on account have been misappropriated. Which of the following acts would conceal this defalcation and be least likely to be detected by an auditor? 63. Embezzlement is a type of fraud that involves
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  • Fall '13
  • Financial audit

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