An interbank transfer schedule
A. Is another name for the proof of cash.
B. Helps the auditor test for kiting.
C. Is on a standard bank confirmation.
D. Is used to examine entity bank reconciliations.
Answer: B. Helps the auditor test for kiting.
An interbank transfer schedule
A. Is another name for the proof of cash.
B. Helps the auditor test for kiting.
C. Is on a standard bank confirmation.
D. Is used to examine entity bank reconciliations.
Answer: B. Helps the auditor test for kiting.