How to audit cash, prepare reconciliation, A/R, PPE assertions type of question asked

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Auditing cash, preparing reconciliations, and assessing A/R and PPE assertions.

Start by obtaining the cash balance from the general ledger and comparing it to the bank statement.
Perform bank reconciliations to ensure all transactions are accurately recorded.
For accounts receivable, confirm balances with customers and assess the allowance for doubtful accounts.
For property, plant, and equipment (PPE), review the depreciation method used and ensure assets are properly valued.
Test the existence, completeness, accuracy, and valuation assertions for each account.
Document all audit procedures and findings in working papers for review.
Consider the risk of fraud and perform analytical procedures to identify any unusual trends or discrepancies.

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