SUBSTANTIVE PROCEDURES

A. PREPARE A BANK TRANS

B. PREPARE A FOUR-COLLU

C. USE A STANDARD CONFIR

D. OBTAIN BANK CUT-OFF S

E. SEARCH FOR LARGE CHEC

SUBSTANTIVE PROCEDURES:
A. PREPARE A BANK TRANSFER SCHEDULE
*detect kitting
*identify related party transactions

B. PREPARE A FOUR-COLLUMN PROOF OF CASH

*reconcile cash receipt and disbursement totals between company records and bank records
*detect lapping

C. USE A STANDARD CONFIRMATION FORM TO CONFIRM ACCOUNT BALANCE INFORMATION

*establish the valuation of cash to reflect currency translation losses and gains

*determine that the receivables are converted into in a reasonable amount of time
D. OBTAIN BANK CUT-OFF STATEMENTS
*Verify year-end cash and liability balance information
*verify reconciling items on the year-end reconciliation
*detect kitting
E. SEARCH FOR LARGE CHECKS TO DIRECTORS, OFFICERS, AND EMPLOYEES
*none. This procedure serves no purpose related to cash

PREPARED BY: JOHN MARK BIENVENIDO, BSA-III