滴水石穿，鐵杵成針。ACCA考試科目比較多，難度比較大， 要想順利通過就必須要了解各科目考試重點，今天東奧小編為大家準(zhǔn)備了相關(guān)知識點，趕快來看一下吧。

【內(nèi)容導(dǎo)航】

Bank and cash銀行和現(xiàn)金

【知識點】

Bank and cash銀行和現(xiàn)金

Bank and cash

? The year-end bank balance figure is usually confirmed by a direct confirmation with the bank holding the account.

? This is a third-party source of evidence and so provides the auditor with excellent audit evidence.

? The bank confirmation covers the assertions of:

Existence

Completeness

Rights and obligations

Valuation

? The auditors should decide from which bank or banks to request confirmation.

4.2.1 Approaches to the bank confirmation request

? Listing balances and other information and requesting confirmation of their accuracy and completeness.

? Requesting details of balances and other information, which can then be compared with the requesting client’s records. Auditors need to decide which of the above approaches is the most appropriate.

? Responses need to be sought for all confirmation requests.

? The request must be authorized by the client.

? Control over content and dispatch of confirmation requests is the auditor’s responsibility.

? Replies must be sent directly to the auditor and a pre-addressed envelope should be enclosed.

? The bank confirmation letter can be used to ask a variety of questions, including queries about：

? Contingent liabilities

? Guarantees

? Outstanding interests

4.2.2 Items to be included in the confirmation request

? Balances due to or from the client on current, deposit, loan and other accounts

? Nil balances on accounts

? Accounts closed in the 12 months prior to confirmation date

? Maturity and interest terms on loans and overdrafts

? Lines of credit facilities

? Contingent liabilities

? Securities held by the bank

4.2.3 Bank confirmation procedure

? The banks will require explicit written authority from the client to disclose the information requested.

? The auditors' request must refer to the client's letter of authority and the date thereof.

? Alternatively it may be:

Countersigned by the client

Accompanied by a specific letter of authority

? In the case of joint accounts, letters of authority signed by all parties will be necessary.

? Letters of authority may:

Give permission to the bank to disclose information for a specific request.

Grant permission for an indeterminate length of time.

? The request should reach the branch manager at least one month in advance of the client's year-end and should state both that year-end and the previous year-end date.

? The auditors should themselves check that the bank response covers all the information.

4.2.4 Substantive procedures for bank

? Obtain standard bank confirmations from each bank with which the client conducted business during the audit period.

? Re-perform arithmetic of bank reconciliation.

? Compare cash book and bank statements in detail for the last month of the year, and match items outstanding at the reconciliation date to bank statements.

? Verify contra items appearing in the cash books or bank statements with original entry.

? Obtain satisfactory explanations for all items in the cash book for which there are no corresponding entries in the bank statement and vice versa by discussion with finance staff.

? Verify by inspecting paying-in slips that uncleared banking are paid in prior to the year-end.

? Inspect the cash book and bank statements before and after the year-end for exceptional entries or transfers which have a material effect on the balance shown to be in-hand.

? Identify whether any accounts are secured on the assets of the company by discussion with management.

? Consider whether there is a legal right of set-off of overdrafts against positive bank balances.

? Determine whether the bank accounts are subject to any restrictions by inquiries with management.

? Review draft accounts to ensure that disclosures for bank are complete and accurate and in accordance with accounting standards.

2020年ACCA考試正在火熱備考中，你還等什么呢，趕快抓緊時間備考吧。最后，預(yù)祝大家ACCA考試順利通關(guān)。

注：以上內(nèi)容來自Joyce老師基礎(chǔ)班第58講

(本文為東奧會計在線原創(chuàng)文章，僅供考生學(xué)習(xí)使用，禁止任何形式的轉(zhuǎn)載)