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auditor reviews year end bank balance against prior year total to identify significant flactuations and discuss any unusual movements with management.
Does it confirm enquiry relating to bank and cash?
@Anonymous11 – welcome to my forum.
To be honest, it sounds meaningless to me – “why has your bank balance moved?” – answer – because a lot of cash receipts/payments were made during the year? A bank balance is not “static” – it will fluctuate daily.
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