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Cutoff bank statement

1) The best evidence used to verify the year-end bank balances is cutoff bank statement. True/False? Why?2) An auditor’s review of the client’s sales cutoff would detect inflated sales for the year. True/False? Why?1) The best evidence used to verify the year-end bank balances is cutoff bank statement.True/False? Why?Answer: True Reason: It helps in detecting inflated sales for the year 2) An auditor’s…

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