MARKRICH SPORTSWORLD, INC.

A-1
CH
AUDIT PROGRAM
CASH
December 31, 19x2
By Ref. Remarks

A-2, 3,
1. Review and evaluate internal control for cash. CH
2. Trace sample transactions through the cash records. 4
CH A-10,11
3. Confirm all bank accounts by using the standard bank
CH A-6, 8
confirmation forms.
4. Request cutoff bank statements approximately two A-5, 7
weeks after end of fiscal year. CH
5. Obtain or prepare year-end reconciliation of all bank A-5, 7
accounts, investigate all reconciling items, and trace to
appropriate accounts.
The payroll transfer
6. For selected test transactions, review cash records, foot,
A-7 was the only transfer
and trace all postings to appropriate accounts.
7. Schedule and investigate all inter-bank transfers for one CH A, A-5,
week before and after fiscal year-end. 7
8. Count all cash on hand and trace to appropriate accounts;
CH
cash counts should be coordinated with inspection of all A-9
other negotiable items.
9. Review transactions in selected petty cash A
reimbursements; coordinated review with count of cash
funds.
10. Trace beginning cash balance to prior year CH
workpapers. A
11. Review all disbursements (in excess of $500)
subsequent to year end; coordinated with audit program
CH
for accounts payable.
12. Ascertain proper presentation of cash in financial
statements.