How to audit cash and cash equivalents

!"#$%$&' )*+ ,-- ./* 01 2- 0-3&4 56!

 "#$% &

!"#$%&'#$( *$+,$- . /0(,#,"% 123

4

!" 

 5$6$7#$& 8989.8984

 !"#$% 37 5/89 /&# 5/89 :;"$</=-&%8 >"??/@* 37 A-&-@/==* !BB-C%-# !BB3"&%$&' 6@$&B$C=-8 73@ 5/89

'()* +#,-%./ )( )+%*#/0.$ %1+%.2%3 45**%./ 60#7060/0%2 #.8 45**%./ #22%/2

2-7$&$%$3& 37 5/89

9#2: 0.4658%2 -).%, #.8 )/:%* .%$)/0#76% 0.2/*5-%./ /:#/ 02 +#,#76% 0. -).%, #.8 #44%+/#76% 7, /:% 7#.; ()* 8%+)20/ #.8 0--%80#/% 4*%80/< =/ 0.4658%2 4#2: ). :#.83 8%-#.8 8%+)20/2 #.8 )/:%* 0/%-2 /:#/ #*%

"&@-8%@$B%-#

()* 52% 0. /:% 45**%./ )+%*#/0).2< #<

5/89 3& 9/&#

 &< 5.8%+)20/%8 8#/%8 452/)-%*>2 4:%4;2 )* 452/)-%*>2 4:%4;2 #?#0/0.$ 8%+)20/ @< A*#B%6%*>2 4:%4; C< 9#2:0%*>2D A*%#25*%*>2 #.8 E#.#$%*>2 4:%4;2 F< ")2/#6 -).%, )*8%*2 G# 8%-#.8 4*%80/ 0.2/*5-%./ 0225%8 #.8 +#,#76% 7, # +)2/ )((04%H I< J.8%+)20/%8 4#2: 4)66%4/0).2 G45**%.40%2 254: #2 70662 #.8 4)0.2H K< L#.; 8*#(/2 G # ?*0//%. )*8%* #88*%22%8 /) /:% 7#.; /) +#, #. #-)5./ )( -).%, /) /:% )*8%* )( /:% -#;%*H 7<

5/89 $& )/&D

 &< M%-#.8 8%+)20/D4)--%*40#6 8%+)20/D45**%./ #44)5./D4:%4;0.$ #44)5./ ' $%.%*#66, .).N0./%*%2/ 7%#*0.$ ' ?0/:8*#?#76% 7, 4:%4;2 #$#0.2/ 7#.; @< O#B0.$2 8%+)20/ GO#B0.$2 P44)5./NOPH ' Q%.%*#66, .).N0./%*%2/ 7%#*0.$ ' M%+)20/)* 02 0225%8 #. PAE 4#*8 )* +#227)); ' R0/:8*#?#76% 0. PAE 2/#/0). )* ?0/:0. /:% 7#.;< 4<

5/89 7"&# EB"@@-&% 3C-@/%$3&8F

&< 9:#.$% (5.8 @< "#,*)66 (5.8 C< "5*4:#20.$ (5.8 G()* +5*4:#20.$ )( 0.B%./)*0%2H

!"#$ &'()#*+,-(#'-&!'(. ",. &))(.&"'(/0 "1"&/"2/( 34- +#( &, '$( !+--(,' 45(-"'&4,67"#$6 &, '$( !+--(,' "##(' #(!'&4,34- +#( 4'$(- '$", 34- !+--(,' 45(-"'&4,#4'$(- ,4, !+--(,'

Manuel L. Quezon University

Manila

!"#$% 37 5/89 /&# 5/89 :;"$</=-&%8 !"#$%$&' )*+ ,-- ./* 01 2- 0-3&4 56!

 "#$% @

F< S%B)6B0.$ (5.8 G(5.8 /:#/ 02 52%8 ()* 60-0/%8 )* 2+%40(04 +5*+)2% 2%/ 7, -#.#$%-%./H I< =./%*%2/ (5.8 K< "%//, 4#2: (5.8 G()* 2-#66 #.8 -024%66#.%)52 80275*2%-%./2H T< M0B08%.8 (5.8 U< A*#B%6 (5.8 V< A#1 (5.8

G"&# G3@ H3& 5"@@-&% IC-@/%$3&8

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

5=/88$7$B/%$3& 37 B/89 7"&# /8 B"@@-&% 3@ &3& B"@@-&% 893"=# C/@/==-= %9- B=/88$7$B/%$3& /CC=$-# %3 %9- @-=/%-# =$/)$=$%*1 J9"84 /& -&%$%* 893"=# B=/88$7* 8"B9 &3& B"@@-&% /88-% $7 %9- @-=/%-# =$/)$=$%* )-B3?-8 B"

**%./<

5/89 :;"$</=-&%8

#*% 2:)*/N/%*- #.8

9$'9=* =$;"$#

0.B%2/-%./2 /:#/ #*% *%#806, 4).B%*/076% 0./) 4#2: #.8 2) .%#* /:%0* -#/5*0/, /:#/ /:%, +*%2%./ 0.20$.0(04#./ *02; )( 4:#.$%2 0. B#65% 7%4#52% )( 4:#.$%2 0. 0./%*%2/ *#/%2< Z1#-+6%2[ &< A0-% 8%+)20/ N

/B;"$@-#

 ?0/:0. /:*%% -)./:2 (*)- -#/5*0/, 8#/% @< E).%, -#*;%/ 0.2/*5-%./ #.8 4)--%*40#6 +#+%* C< A*%#25*, 70662 F< S%8%%-#76% +*%(%*%.4% 2:#*%2 ?0/: -#.8#/)*, *%8%-+/0). +%*0)8 #.8 #4X50*%8 /:*%% -)./:2 7%()*% -#/5*0/,<

•

=( #. 0/%- 4#..)/ 7% 0.4658%8 #2 4#2: %X50B#6%./ 7%4#52% 0/ 808 .)/ X5#60(, /:% 45/N)(( /0-% +%*0)8 G 0% /:*%% -)./:2H3 0/ ?066 #6?#,2 7% 46#220(0%8 #2

$&<-8%?-&%8

 G2:)*/ /%*- )* 6).$ /%*-H 8%+%.80.$ ). /:% +%*0)8 5+ /) -#/5*0/,<

•

=( /:% +*)76%- 02 206%./ ?0/: *%$#*8 /)[ &< A*%#25*, .)/% W #225-%8 0.B%2/-%./ @< 9#2: 0. -).%, -#*;%/ #44)5./ W 4#2: #.8 4#2: %X50B#6%./ C< A0-% 8%+)20/ W 4#2: #.8 4#2: %X50B#6%./

K-/8"@-?-&% L88"-8 $& 5/89 /&# 5/89 :;"$</=-&%8

&< 9#2: N -%#25*%8 #/ (#4% B#65% @< 9#2: 0. ()*%0$. 45**%.4, N /*#.26#/%8 /) ":060++0.% "%2) C< M%+)20/ 0. ()*%0$. 7#.; N 5.*%2/*04/%8 G0.4658%8 #2 4#2:H S%2/*04/%8 G0( -#/%*0#63 46#220(0%8 2%+#*#/%6, #-).$ .).45**%./ #22%/2 #2 *%4%0B#76%2H F< 9#2: 0. 46)2%8 7#.;D7#.;2 =. 7#.;*5+/4, N .). 45**%./ #22%/ G%2/0-#/%8 *%#60\#76% B#65%H I< L#.; )B%*8*#(/ N M0((%*%./ 7#.;2 G45**%./ 60#7060/0%2H O#-% 7#.; G.%//%8 #$#0.2/ /:% #44)5./ ?0/: +)20/0B% 7#6#.4% 75/ 4#..)/ 7% )((2%/ #$#0.2/ *%2/*04/%8 #44)5./<

!"#$% 37 5/89 /&# 5/89 :;"$</=-&%8 !"#$%$&' )*+ ,-- ./* 01 2- 0-3&4 56!

 "#$% C

K< 9)-+%.2#/0.$ 7#6#.4% N 02 /:% -0.0-5- 4:%4;0.$ )* 8%-#.8 8%+)20/ #44)5./ 7#6#.4% /:#/ -52/ 7% -#0./#0.%8 0. 4)..%4/0). ?0/: # 7)**)?0.$ #$*%%-%./ ?0/: # 7#.; .)/ 6%$#66, *%2/*04/%8 W +#*/ )( 4#2: 6%$#66, *%2/*04/%8 #< 2:)*/ /%*-N +*%2%./%8 #2 ]4#2: :%68 #2 4)-+%.2#/0.$ 7#6#.4%^3 45**%./ GS%4%0B#76%H 7< 6).$ /%*-N +*%2%./%8 #2 ]4#2: :%68 #2 4)-+%.2#/0.$ 7#6#.4%^ 3 .). 45**%./ GS%4%0B#76%H '=( /:% +*)76%- 02 206%./ ?0/: *%$#*8 /) 4)-+%.2#/0.$ 7#6#.4%3 0/ 02 #225-%8 .)/ 6%$#66, *%2/*04/%8< T< J.8%60B%*%8D5.*%6%#2%8 4:%4; N S%B%*/%8 7#4; /) 4#2: U< O/#6% 4:%4;2D9:%4;2 )5/2/#.80.$ ()* -)*% /:#. 201 -)./:2 (*)- /:% 8#/% )( 4:%4; N S%B%*/%8 7#4; /) 4#2: V< ")2/8#/%8 4:%4;2 N 4:%4;2 8#/%8 #(/%* *%+)*/0.$ +%*0)8 9)-+#.,>2 4:%4; W *%B%*/%8 7#4; /) 4#2: 952/)-%*>2 4:%4; W .)/ ,%/ 4#2: GPDSH &_< =`J2 G= )?% ,)5H N "#*/ )( *%4%0B#76% &&< ZX50/, 2%45*0/0%2 N 4#..)/ 7% 46#220(0%8 #2 4#2: %X50B#6%./2 7%4#52% 2:#*%2 8) .)/ :#B% -#/5*0/, # 8#/% G%14%+/ *%8%%-#76% +*%(%*%.4% 2:#*%2H &@< S%8%%-#76% +*%(%*%.4% 2:#*%2 N 2+%40(0%8 *%8%-+/0). 8#/% #.8 #4X50*%8 /:*%% -)./:2 7%()*% -#/5*0/, 8#/% #*% 46#220(0%8 #2 4#2: %X50B#6%./2 &C< 9#66#76% +*%(%*%.4% 2:#*%2 N 2:#*%:)68%*>2 %X50/, &F< YOaDMPJMDMP=a N S%B%*/%8 7#4; #2 +#*/ )( *%4%0B#76%2< YOa W .) 25((040%./ (5.82 MPJM W 8*#?. #$#0.2/ 5.46%#*%8 8%+)20/2 MP=a W 8*#?. #$#0.2/ 0.25((040%./ (5.82 &I< Z1+%.2%2 #8B#.4%2 N S%4%0B#76% )* +*%+#08 %1+%.2%2 &K< A%-+)*#*, 0.B%2/-%./2 0. 2:#*%2 )( 2/)4; N %0/:%* abA"c )* abA`9= &T< J.52%8 4*%80/ 60.% N M0246)2%8 0. /:% .)/%2 &U< A*%#25*, ?#**#./2 N # ?#**#./ ()* /:% +#,-%./ )( -).%, 0./) )* (*)- +57604 /*%#25*,<

E$&B="#-# /8 C/@% 37 B/89

H &V< Z24*)? 8%+)20/ N *%2/*04/%8 #-)5./ :%68 0. /*52/ ()* #.)/:%* +#*/,3 0% 8%+)20/ *%X50*%8 7, 4)5*/ )( 6#? ()* # +%.80.$ 4#2%< G)/:%* 45**%./ )* .).45**%./H