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One of the commonly used substantive tests for cash balances is to verify bank reconciliationsperformed...

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Accounting

One of the commonly used substantive tests for cash balances is to verify bank reconciliationsperformed by the entity. Name the five steps in verifying the bank reconciliation. Are therecircumstances under which auditors might perform the bank reconciliation for themselves?If not,why not?If so, what are they?

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