ACC614 Auditing and Fraud Detection
Week 3 Assignment
Test of Controls over Cash Receipts [CLOs: 1, 3]. Due by Day 7. Complete problem 6.50 Test of Controls over Cash Receipts on page 258 of the textbook. Considering Gutzler’s internal control over cash receipts and the standard audit procedures already performed, list all other audit procedures that should be performed to obtain sufficient and appropriate audit evidence regarding controls over cash and give the reasons for each procedure. Do not discuss the procedures for cash disbursements and cash balances. Also, do not discuss the extent to which any of the procedures are to be performed. Assume that adequate controls exist to ensure that all sales transactions are recorded. Organize your answer sheet as follows:
Other Audit Procedures | Reason for Other Procedures
