AUDIT%20OF%20CASH%20BALANCES

1
CHAPTER 21

• AUDIT OF CASH BALANCES

2
TYPES OF CASH ACCOUNTS

• GENERAL CASH
• IMPREST PAYROLL ACCOUNTS
• BRANCH ACCOUNTS
• IMPREST SPECIAL PURPOSE ACCOUNTS
• IMPREST PETTY CASH FUND
• CASH EQUIVALENTS

3
AUDIT OF GENERAL ACCOUNTS

• INTERNAL CONTROLS
• ANALYTICAL PROCEDURES
• AUDIT OF YEAR-END CASH
• BANK CONFIRMATION
• CUTOFF BANK STATEMENT
• TEST OF RECONCILIATION
• FRAUD-ORIENTED PROCEDURES
• EXTENDED TESTS OF RECONCILIATION
• PROOF OF CASH
• TESTS FOR KITING
• INTERBANK TRANSFERS

4
AUDIT OF IMPREST ACCOUNTS

• PAYROLL
• SCAN RECONCILIATION
• PETTY CASH
• PETTY CASH CUSTODIAN
• SURPRISE COUNT
• INTERIM UNLESS MATERIAL