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Cash Program
Cash Program
The company has the following general ledger accounts that are classified in the cash caption of
the balance sheet.
AUDIT OBJECTIVES
BASIC PROCEDURES
Practical Considerations:
¯¯ Interbank transfers.
¯¯ Certificates of deposit.
¯¯ Proof of cash.
b. Foot the paid checks and deposit slips supporting the bank
statement and compare the totals to the corresponding totals on the
bank statement.
Practical Considerations:
Interbank Transfers
• Amount.
a. Count the cash fund (or observe and list the securities) in
the presence of a client representative.
Practical Considerations:
Proof of Cash
* If the auditor, based on his or her consideration of fraud risk
factors, decides to modify procedures related to cash balances,
consider performing a proof of cash.
Practical Considerations: