1) The best evidence used to verify the year-end bank balances is cutoff bank statement. True/False? Why?

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: TrueReason: It helps in detecting inflated sales for the year 2) An auditor’s...