There are 50 bank accounts having no balance, 120 bank accounts having very minimum balance then what procedures will you adopt to verify them?

When dealing with bank accounts that have no balance or very minimum balance, the auditor may adopt the following procedures to verify them: 1. Inquiry and Documentation Review: The auditor can inquire with the management about the purpose and nature of these bank accounts. Additionally, they can review the account opening documents, bank statements, and…...

To get access, please buy CA Interview Question Bank
Scroll to Top