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Denis, when I said I was testing only that the review was made - perhaps I wasn’t perfectly clear. For example, if the control states ‘Management reviews bank reconciliations’ then I would ONLY test for evidence of that review, ie, a manager’s signature on the reconciliation.
However, for the control that states ‘Bank reconciliations are performed monthly’, then I would test that the rec is being performed accurately.
Two different controls…two different tests.
Fair enough. To be honest I wouldn’t have these as seperate controls, in evaluating the bank reconciliation I would be looking for evidence of review as well as follow up of reconciling items