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Chapter 8 3 4

Bank and cash

3.1 Key assertions

 Existence

 Valuation

3.2 Sources of evidence

 Bank reconciliation

 Bank confirmation letter

 Cash book

 Bank statement

3.3 Key areas to consider

 Obtaining a bank confirmation

 Testing the bank reconciliation

 Reviewing the cash book

Illustrations and further practice

Now try TYU 1 in Chapter 8

Look at Illustration 1 in Chapter 8 for an example of a bank confirmation
request.

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