Writea 175- to 350-word summaryResearch a recent article on auditing cash, financial instruments,...

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Writea 175- to 350-word summaryResearch a recent article on auditing cash, financial instruments, sales, or receivables

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AUDITING CASH 
Auditing cash and bank balances
1
 seems the easiest job but if the frauds or errors are found in 
this item of financial statements, there will most likely be an adverse audit report. The auditor 
needs to verify existence, completeness, accuracy and cutoff regarding the cash balance. The 
internal controls regarding cash transactions can be strengthened by keeping segregation of 
duties, maintaining regular Bank reconciliations and inter party reconciliations.

Writea 175- to 350-word summary Research a recent article on auditing cash, financial instruments, sales, or receivables

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