{"id":24443,"date":"2021-07-27T05:00:51","date_gmt":"2021-07-27T05:00:51","guid":{"rendered":"https:\/\/papersspot.com\/blog\/2021\/07\/27\/chapter-8-continued-sarbanes-oxley-internal-control-and-cash1-during-the-preparation-of-a-bank\/"},"modified":"2021-07-27T05:00:51","modified_gmt":"2021-07-27T05:00:51","slug":"chapter-8-continued-sarbanes-oxley-internal-control-and-cash1-during-the-preparation-of-a-bank","status":"publish","type":"post","link":"https:\/\/papersspot.com\/blog\/2021\/07\/27\/chapter-8-continued-sarbanes-oxley-internal-control-and-cash1-during-the-preparation-of-a-bank\/","title":{"rendered":"Chapter 8 (Continued): Sarbanes-Oxley, Internal Control, and Cash1.\u00a0 During the preparation of a bank"},"content":{"rendered":"<p>Chapter 8 (Continued): Sarbanes-Oxley, Internal Control, and Cash <br \/>1.\u00a0 During the preparation of a bank reconciliation, the assistant controller discovered that the Bank incorrectly recorded a $3290 check as $329.\u00a0 The controller has decided not to notify the bank but wait for the bank to detect the error.\u00a0 The controller plans to record the $2961 error as &#8220;Other Income&#8221; if the Bank fails to detect the error within the next three months.\u00a0 Please discuss whether the controller is behaving in an ethical manner. <br \/>2.\u00a0 How are cash equivalents reported in the financial statements?\u00a0 Please list two examples of cash equivalents.\u00a0 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chapter 8 (Continued): Sarbanes-Oxley, Internal Control, and Cash 1.\u00a0 During the preparation of a bank reconciliation, the assistant controller discovered that the Bank incorrectly recorded a $3290 check as $329.\u00a0 The controller has decided not to notify the bank but wait for the bank to detect the error.\u00a0 The controller plans to record the $2961 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[16],"class_list":["post-24443","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-accounting"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/24443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=24443"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/24443\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=24443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=24443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=24443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}