In the audit of cash, the auditor obtains a bank cutoff statement primarily to
A. Identify old outstanding checks that the client may exclude from the year-end bank reconciliation in order to misappropriate cash.
B. Obtain sufficient information to reconcile the client’s bank account as of year-end.
C. Obtain direct confirmation of the client’s bank balances as of year-end.
D. Test the propriety of items appearing on the client’s year-end bank reconciliation.
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