Cash Accounts Audit Work Program

The best-practice general steps included in this tool can be used by organizations looking to perform a cash accounts audit. 

Sample steps include tracing the book balance on the reconciliation form to the balance per the general ledger, comparing the bank balance on the reconciliation form to the bank statement, ensuring that the bank account is in the company’s name, testing the mathematical accuracy of the reconciliation, reviewing and obtaining explanations for unusual reconciling items, and matching deposits in transit to the next month’s bank statement or if the next month’s bank statement is not available.