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Confirming cash directly

Large fictitious cash and deposit balances were a core part of a well-known Indian accounting fraud. Which audit procedure best protects against this?

A.Inspect the bank statements printed and provided by the finance teamB.Obtain a management representation that all bank balances are genuineC.Send and receive bank confirmations directly with the banks, without client handlingD.Recalculate interest income on deposits using the rates in the ledger

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Confirming cash directly

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