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Who is the auditor of state of Ohio?

Ohio State Auditor State Auditor of OhioIncumbent Keith Faber since January 14, 2019StyleThe HonorableTerm lengthFour years, two term limitInaugural holderThomas Gibson 18034 more rows

How do you conduct a cash audit?

Substantive Procedures for Cash Confirm cash balances. Vouch reconciling items to the subsequent months bank statement. Ask if all bank accounts are included on the general ledger. Inspect final deposits and disbursements for proper cutoff.

What audit procedures an auditor would carry out in verifying cash in hand?

The primary audit procedure used in testing cash balances is confirmation. In order to test confirmation, auditors ask the companys bankers to verify the balance of the bank accounts directly; responses are sent solely to the auditors.

How do you audit cash expenses?

You should compare the total amount of cash in the fund with the total amount of expenses recorded in the log, and identify and resolve any differences. You should also prepare a petty cash voucher, which is a document that summarizes the expenses and requests a reimbursement from your main bank account.

What are the assertions for cash and cash equivalents?

Information related to the assertions is found on corporate balance sheets, income statements, and cash flow statements. There are five assertions, including accuracy and valuation, existence, completeness, rights and obligations, and presentation and disclosure.

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