1. CASH AND BANK BALANCES Consider results of tests of controls over cash receipts and¬†disbursements. 1. Obtain or prepare a lead schedule of cash and bank balances. (a) Trace last year’s balances with last year’s working papers. (b) Check arithmetical accuracy of the schedule. (c) Trace totals of the schedule to balance sheet.¬†(completeness) 2. Confirm…

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