Which of the following misstatements would result in the improper payment of cash or failure to receive cash not normally discovered as part of the audit of the bank reconciliation?
A) Duplicate payment of a vendor's invoice
B) Payment of raw materials that were not received
C) Payment to an employee for more hours than worked
D) All of the above

Question

Quizplus · Accepted Answer

All the options listed (A, B, and C) involve misstatements that could lead to improper cash payments or failures to receive cash, and they may not be detected during a standard bank reconciliation audit, which primarily focuses on reconciling bank statements with the company's cash records.

Which of the Following Misstatements Would Result in the Improper