Cash & Bank Audit Working Paper

Prepared a detailed audit working paper for the Cash & Bank balance, covering the following procedures:

Obtained and reviewed bank reconciliations for all bank accounts as of the reporting date.

Agreed bank reconciliation balances to the General Ledger and Trial Balance.

Obtained and reviewed bank statements for the audit period.

Reconciled balances per bank statements with the accounting records.

Tested outstanding cheques and deposits in transit included in the bank reconciliation.

Performed subsequent clearance testing for outstanding reconciling items.

Reviewed bank charges, interest income/expenses, and other bank transactions for proper recording.

Performed bank confirmation procedures to verify bank balances and related information.

Agreed confirmed bank balances to the company's accounting records.

Performed cut-off testing over cash receipts and payments around the reporting date.

Reviewed significant and unusual bank transactions and investigated unexplained movements.

Checked for restricted cash, blocked accounts, and bank overdrafts and assessed their appropriate classification and disclosure.

Reviewed bank transfers around year-end to identify potential window dressing or kiting.

Performed analytical review of cash and bank movements and investigated significant variances.

Verified the completeness of the bank account listing and ensured all relevant accounts were included.

Agreed the final audited Cash & Bank balance to the financial statements.

Documented audit findings, identified exceptions, and proposed adjustments where required.