Audit of bank accounts

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September 29, 2015 at 3:55 pm #274116
nari
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Hello
In testing cash and bank, should all bank accounts be tested even though the balance is immaterial?
September 29, 2015 at 5:51 pm #274128
Ken Garrett
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Yes – it might possibly be a huge Debit balance (ie an overdraft). Cash is so easy to audit it always is.
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