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Substantive procedures for cash balance

Substantive procedures for the cash balance include:
o Obtain certificates of cash-in-hand.
o Verify unbanked cheques/cash receipts have subsequently been paid in and
agree to the bank reconciliation by inspection of the relevant documentation.
o Ensure IOUs and cheques cashed for employees have been reimbursed.
o Review whether IOUs or cashed cheques outstanding for unreasonable
periods of time have been provided for.
o Verify the balances as counted are reflected in the accounts (subject to any
agreed amendments because of shortages and so on) by inspection of draft
financial statements

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