Examine invoices, receipts, and other documentation supporting reimbursement of petty cash.
The following are various potential misstatements due to errors or fraud (1 through 7), and a list of auditing procedures (a. through h.) the auditor would consider performing to gather evidence to determine whether the error or fraud is present. Possible Misstatements Due to Errors or Fraud 1. The auditor suspects that a lapping scheme […]