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Business, 18.11.2019 19:31 hrijaymadathil

An auditor ordinarily sends a standard confirmation request to all banks with which the client has done business during the year under audit, regardless of the year-end balance. a purpose of this procedure is toa. provide the data necessary to prepare a proof of cashb. request that a cutoff bank statement and related checks be sent to the auditorc. detect kiting activities that may otherwise not be discoveredd. seek information about other deposit and loan amounts that come to the attention of the institution in the process of completing the confirmation

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