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Name the first steps in verifying the bank reconciliation

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Reference no: EM132704120

Auditing 2One of the commonly used substantive tests for cash balances is to verify bank reconciliations performed by the entity.

Question a) Name the first steps in verifying the bank reconciliation.

Question b) Are there circumstances under which auditors might perform the bank reconciliation for themselves? Explain.

Reference no: EM132704120

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