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Substantive procedures to confirm the bank overdraft balance

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Kim Smith.

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November 28, 2019 at 9:35 pm #554086
racheldias9491
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Does anyone here know how to confirm the bank overdraft balance using substantive procedures at the assertion level.
November 29, 2019 at 7:34 am #554105
Kim Smith
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All substantive procedures are “at the assertion level”. See page 97 of the notes for examples:
– Obtain bank certificate …
– Reperform the bank reconciliation …
– Agree reconciling items … (split into two separate point)
etc
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