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When detection risk is low, the auditor is likely to: prepare the bank reconciliation using...

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Accounting

When detection risk is low, the auditor is likely to:
prepare the bank reconciliation using bank data in the client's possession or audit the bank reconciliation using a cutoff bank
statement obtained from the bank.
test the client's internal controls over the preparation of bank reconciliations.
confirm bank balances with the Federal Deposit Insurance Corporation.
scan bank reconciliations and test items on bank reconciliations on a sample basis.
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