You audit cash rather than Timothy

Reference no: EM132171702

Cash Audit Assignment -

We received the bank confirmation and bank cutoff statement this morning from Apollo's primary bank. I left both documents in your mailbox at the office. I would prefer that you audit cash rather than Timothy (let him stick to vouching documents to keep him out of trouble). A couple of points:

1. Don't forget to trace from the cutoff bank statement to the outstanding check list to make sure that the listing is complete and accurate.

2. There was an adjustment made at the end of the year to other income that looks odd. If I remember correctly, there was a transaction in investments for the same amount. You may want to take a closer look.

3. The last check written in December was check number 3621. They use duplicate checks so I was able to look at the carbons when I was out at Apollo on Saturday.

Attachment:- Assignment File.rar

Reference no: EM132171702

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