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    Fraud-Related Auditing Procedures

    Uploaded by

    Vivien Naig
    The document outlines three audit procedures used to detect fraudulent activities in cash accounts when a client's cash controls are weak: (a) proof of cash to verify the actual cash on hand, (b) testing for kiting by examining cash receipts and disbursements to detect checks being held to cover shortages, and (c) testing for lapping by comparing cash receipts to bank deposits to find missing receipts.

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    © All Rights Reserved
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    Fraud-Related Auditing Procedures

    Uploaded by

    Vivien Naig
    35 views1 page
    The document outlines three audit procedures used to detect fraudulent activities in cash accounts when a client's cash controls are weak: (a) proof of cash to verify the actual cash on hand, (b) testing for kiting by examining cash receipts and disbursements to detect checks being held to cover shortages, and (c) testing for lapping by comparing cash receipts to bank deposits to find missing receipts.

    Original Description:

    Fraud

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    The document outlines three audit procedures used to detect fraudulent activities in cash accounts when a client's cash controls are weak: (a) proof of cash to verify the actual cash on hand, (b) testing for kiting by examining cash receipts and disbursements to detect checks being held to cover shortages, and (c) testing for lapping by comparing cash receipts to bank deposits to find missing receipts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    35 views1 page

    Fraud-Related Auditing Procedures

    Uploaded by

    Vivien Naig
    The document outlines three audit procedures used to detect fraudulent activities in cash accounts when a client's cash controls are weak: (a) proof of cash to verify the actual cash on hand, (b) testing for kiting by examining cash receipts and disbursements to detect checks being held to cover shortages, and (c) testing for lapping by comparing cash receipts to bank deposits to find missing receipts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Fraud-Related Audit Procedures

    When the auditor assesses the client’s control over cash is weak and suspects that some type
    of fraud or defalcation involving cash has occurred, the following audit procedures are
    typically used to detect fraudulent activities in the cash accounts:

    (a) Proof of cash

    (b) Testing for kiting

    (c) Testing for lapping

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