| Cash audit | Audit procedures performed to verify cash balance |
| Bank reconciliation | Comparison between bank statement and cash book |
| Deposits in transit | Cash received and recorded but not yet shown in bank statement |
| Outstanding cheque | Cheque issued but not yet cleared by the bank |
| Skimming | Stealing cash before recording it |
| Lapping | Hiding stolen cash by delaying customer payment records |
| Kiting | Overstating cash by manipulating transfers between bank accounts |
| Proof of cash | Audit schedule used to check cash receipts and payments |
| Cutoff | Ensuring transactions are recorded in the correct accounting period |
| Petty cash | Small cash fund for minor expenses |
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