Principles of Auditing & Other Assurance Services Chapter 10 Exam Bank Solution Manual (Rated A+)
2 views 0 purchase
Course
Principles of Auditing & Other Assurance Services
Institution
Principles Of Auditing & Other Assurance Services
Principles of Auditing & Other Assurance Services Chapter 10 Exam Bank Solution Manual (Rated A+)
Brokers' advice - Answers A notification sent by a stockbrokerabe firm to a customer reporting the terms of a purchase or sale of securities
Canceled checks - Answers A check the amount of which has ...
Principles of Auditing & Other Assurance Services Chapter 10 Exam Bank Solution Manual (Rated A+)
Brokers' advice - Answers A notification sent by a stockbrokerabe firm to a customer reporting the terms
of a purchase or sale of securities
Canceled checks - Answers A check the amount of which has been subtracted from the depositor's
account and has been marked as "canceled" by a financial institution.
Check Clearing for the 21st Century Act - Answers This act allows financial institutions to create and
process electronic "substitute checks" in place of customer written hard-copy checks.
Cutoff bank statement - Answers A bank statement covering a specified number of business days
(usually 7 to 10) after the client's balance sheet date.
Derivatives - Answers Financial instruments that "derive" their value from other financial instruments.
underlying assets, or indexes.
Dividend record book - Answers A reference book published monthly by investment advisory services
reporting detailed information concerning all listed and many unlisted securities.
Electronic data interchange - Answers A computer network between companies that allows the
interchange of data from one company's computer to the other's.
Electronic funds transfer system - Answers A computer system that transmits and processes funds-
related cash disbursement and receipt transactions.
Kiting - Answers Manipulations causing an amount of cash to be included simultaneously in the balance
of two or more bank accounts.
Float period - Answers The time necessary for a check deposited in one bank to clear the bank on which
it was drawn.
Lockbox - Answers A post office box controlled by a company's bank at which cash remittances from
customers are received.
Proof of cash - Answers An audit procedure that reconciles the bank's record of cash activity with the
client's accounting records for a test period.
Standard confirmation form - Answers A confirmation form, agreed by the AICPA, the
American Bankers Association, and the Bank Administration Institute, that is designed to provide
corroborating evidence about the client's account balances and outstanding loans.
Voided check - Answers A check that is not negotiable (null and void)
Voucher - Answers A document authorizing a cash disbursement.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TutorJosh. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.19. You're not tied to anything after your purchase.
