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Audit Cash?

Audit Cash?# Accounting - 会计审计

p*z2009-02-26 08:02

1 楼

今天跟个nb 2nd吵了半天怎么test outstanding check。把问题发上版来看看大家是
怎么个说法。问题可能有点长希望大家指教指教。
去年的做法大概是
1. Obtain Bank Recon,
2. Send confirmation
3. Deposit in Transit: Review deposit slips, and obtain subsequent bank
statement, and verify the amount in the subsequent bank statement.
4. Outstanding check: basically look at all the outstanding check as of 12/
31/08, and vouch it through subsequent bank statement.
今年2nd year看了之后说这个outstanding check testing不对.
因为outstanding check是understatement testing. 我们要拿subsequ

l*z2009-02-26 08:02

2 楼

呵呵, 我喜欢讨论技术问题.
感觉2nd year的对outstanding check的test没有什么道理.
subsequent bank statement里面的all debit to the bank statement as our
population肯定很多都是下面一年的, 抽sample抽中上一年的支票数量估计还没有直接
看所有的outstanding的check多呢.
2ndyear 无非是要保证outstanding check的completeness吧, 怕漏了,但我觉得这个sample没有什么效果. 我觉得是否可以看下那些check有没有联号的嘛? 可以不可以看下支票的cut off呢? 只要知道年
底最后一张出去的支票不就行了嘛, 这个也涉及到公司的internal control的情况.

Q*i2009-02-26 08:02

3 楼

the second year seems right to me. OS check is subject to understatement
testing, so you should use a recipticle population. The population includes
all checks that cleared the bank within the month of January 2007 (some
team uses first 2 weeks as cutoff). Wire transfers are usually excluded from
the population because they clear the bank on the date they are generated,
and therefore we do not expect them to be outstanding at year end.
After you make the selection, you should request the check

【在 p**z 的大作中提到】

: 今天跟个nb 2nd吵了半天怎么test outstanding check。把问题发上版来看看大家是
: 怎么个说法。问题可能有点长希望大家指教指教。
: 去年的做法大概是
: 1. Obtain Bank Recon,
: 2. Send confirmation
: 3. Deposit in Transit: Review deposit slips, and obtain subsequent bank
: statement, and verify the amount in the subsequent bank statement.
: 4. Outstanding check: basically look at all the outstanding check as of 12/
: 31/08, and vouch it through subsequent bank statement.
: 今年2nd year看了之后说这个outstanding check testing不对.

y*22009-02-26 08:02

4 楼

汗，好深奥，我们一般都是随便搞2个大一些的直接TRACE TO BANK STATEMENT。。。。
THIS IS NOT CRITICAL AND NOT IMPORTANT, DO NOT WASTE TIME ON IT。。。

l*z2009-02-26 08:02

5 楼

outstanding check通常有很长的valid period可以兑现, 很多是一年,90天的也有.
用一个月抽sample说明不了什么问题. 假设management年底12/31开了一张 10个
million的支票, 但对方是两个月后才到银行clear,银行也是承认的, 那你这个test方
法就没有办法发现了,是不是? 而这个10million的check就是我们要去test的目的

includes
from
,
included/

【在 Q*****i 的大作中提到】

: the second year seems right to me. OS check is subject to understatement
: testing, so you should use a recipticle population. The population includes
: all checks that cleared the bank within the month of January 2007 (some
: team uses first 2 weeks as cutoff). Wire transfers are usually excluded from
: the population because they clear the bank on the date they are generated,
: and therefore we do not expect them to be outstanding at year end.
: After you make the selection, you should request the check

p*l2009-02-26 08:02

6 楼

同意，outstanding check要从policy上面去搞
很多州又规定，多久没有人取的check要送州政府，否则违规

【在 y*****2 的大作中提到】

: 汗，好深奥，我们一般都是随便搞2个大一些的直接TRACE TO BANK STATEMENT。。。。
: THIS IS NOT CRITICAL AND NOT IMPORTANT, DO NOT WASTE TIME ON IT。。。

l*g2009-02-26 08:02

7 楼

In my experience, there are probably very few companies that would hold a $
10M check for more than 1 week. Most big payments are probably conducted by
wire transfer. No test is perfect, but I think looking at two weeks or a
month does have some valid point. But just like any other procedures, a good
auditor should always use professional skeptism and do some additional work
as she/he thinks necessary (such as comparing total outstanding check
balance with prior period, checking the numerical or

【在 l****z 的大作中提到】

: outstanding check通常有很长的valid period可以兑现, 很多是一年,90天的也有.
: 用一个月抽sample说明不了什么问题. 假设management年底12/31开了一张 10个
: million的支票, 但对方是两个月后才到银行clear,银行也是承认的, 那你这个test方
: 法就没有办法发现了,是不是? 而这个10million的check就是我们要去test的目的
:
: includes
: from
: ,
: included/

l*z2009-02-26 08:02

8 楼

我用10million只是举个例子, 一个million也可以啊. 我觉得楼主讲的原来的
procedure还是可以接受的. 因为本身test的目的就是要保证所有O/S的check都在
reconciliaiton上, 那么其实支票通常都是联号的, 看一下月底的支票号码就可以了.
再说多一点, 通常应该先看test of control的情况怎么样, 如果还可以的话,那么
management提供的O/S check list当然就可以信赖. 从1月份的 check receipt里面抽
sample我觉得是费时费力,而且结果还不好.
当然从楼主的practical的角度来说,上面说要怎么做就怎么做了,反正你又不负责任的,
你心里知道就可以了.

by
good
work
number

【在 l****g 的大作中提到】

: In my experience, there are probably very few companies that would hold a $
: 10M check for more than 1 week. Most big payments are probably conducted by
: wire transfer. No test is perfect, but I think looking at two weeks or a
: month does have some valid point. But just like any other procedures, a good
: auditor should always use professional skeptism and do some additional work
: as she/he thinks necessary (such as comparing total outstanding check
: balance with prior period, checking the numerical or

Q*i2009-02-26 08:02

9 楼

A 3rd party evidence (bank statement) is more repliable that the management
provided check list. That's also the point of directional testing - trace
from independent evidence back to G/L in order to test for understatement.
If the company did not issue checks sequentially, and did not include those
out of order checks into their OS checks list, they will be caught.
I agree that no testing is perfect. there are tons of alternatives. And if
联号 is an automated controls, i agree with you 看一下月底的支票

【在 l****z 的大作中提到】

: 我用10million只是举个例子, 一个million也可以啊. 我觉得楼主讲的原来的
: procedure还是可以接受的. 因为本身test的目的就是要保证所有O/S的check都在
: reconciliaiton上, 那么其实支票通常都是联号的, 看一下月底的支票号码就可以了.
: 再说多一点, 通常应该先看test of control的情况怎么样, 如果还可以的话,那么
: management提供的O/S check list当然就可以信赖. 从1月份的 check receipt里面抽
: sample我觉得是费时费力,而且结果还不好.
: 当然从楼主的practical的角度来说,上面说要怎么做就怎么做了,反正你又不负责任的,
: 你心里知道就可以了.
:
: by

a*e2009-02-26 08:02

10 楼

我觉得你的同事说的不全对。
”看看人家有没有随随便便写张支票 shift expense from the subsequent period to
the current period.“ （make sure expenses are not overstated, which i dont
think is quite common, therefore I typically do not consider it a big risk.)
It depends, in your procedure, whether you request clients to provide the
invoices for the disbursements or not. If not, there is a situation where
the clients can get around. 假设现在客户故意把明年的expense记录在今年，同时
开一张支票先不寄出去。如果3月份才寄出去并clear the bank的话，那一月份和二月
份的银行对账单是没有这张支票的，那会引起我们的注