What evidence rand forgot to get and why is so important

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You are reviewing the cash section for RW Brewing Company (RWBC). RWBC makes beer and cider which they sell through the government LCBO as well as a brewpub on site. The plant, brew pub, and head office are all located in the same building in the Junction area of Toronto.
Your new audit associate, Rand, has prepared the working papers and included the lead sheet which ties to the general ledger, the bank reconciliation prepared by the client, and the bank statement. Rand has checked the math on the bank reconciliation, cross-referenced the bank balance to the bank statement, and confirmed the details of outstanding cheques. This is his first assignment.

problem 1: You are meeting with Rand to review his working papers. your notes for the meeting specifically addressing what evidence Rand forgot to get and why it is so important.

Reference no: EM132787687

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