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lorasvet [3.4K]
3 years ago
12

An audit plan of substantive procedures for cash would not includeA. request a cutoff bank statement be mailed to the client. B.

request client to prepare bank reconciliations. C. prepare a schedule of interbank transfers for a period of ten business days before and after year-end date.D. obtain a written client representation concerning compensating balance agreements.
Business
1 answer:
faltersainse [42]3 years ago
5 0

Answer:

The correct answer is option A.

Explanation:

Substantive is a type of auditing procedure. It involves the process of examining financial statements and other related documents to  check for error.

These tests are conducted to ensure that the financial records are complete and correct.

These procedures are conducted by an auditor and include examining journal entering, testing account balances and transactions.

Though it does not include requesting a cut off bank statement to be mailed to the client.

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A company code in SAP is the smallest organizational unit of external accounting for which you can establish a totally self-contained set of accounts for transaction posting.

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Therefore, The Company Code is the SAP organizational unit that reflects the independent legal accounting entity.

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