CONTOH Bank Payment Cut-Off Testing (Source: ChatGPT)

Here’s a structured Audit Working Paper Template for Bank Payment Cut-Off Testing:

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1. Objective:

To verify that bank payments are recorded in the correct accounting period and comply with financial reporting standards.

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2. Cut-Off Policy & Understanding:

Payment Type	Bank Cut-Off Time	Company Cut-Off Policy	Source of Information
Wire Transfers	[Time]	[Policy]	[Bank Policy Document]
ACH Transfers	[Time]	[Policy]	[Company Policy]
Credit Card Payments	[Time]	[Policy]	[Transaction Reports]

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3. Sample Transactions for Cut-Off Testing

Date of Transaction	Payment Reference	Amount (Currency)	Bank Posting Date	GL Posting Date	Cut-Off Compliance (Yes/No)	Remarks
[DD/MM/YYYY]	[Ref. No.]	[$XXX]	[DD/MM/YYYY]	[DD/MM/YYYY]	[Yes/No]	[Notes]
[DD/MM/YYYY]	[Ref. No.]	[$XXX]	[DD/MM/YYYY]	[DD/MM/YYYY]	[Yes/No]	[Notes]

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4. Findings & Observations:

• Transactions correctly recorded in respective periods: Yes/No
• Any misstatements or cut-off violations identified: Yes/No
• Adjusting journal entries required: Yes/No (Provide details if applicable)

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5. Conclusion & Recommendations:

• Conclusion: [Summarize if cut-off procedures were followed correctly]
• Recommendations: [If errors were found, suggest corrective actions]

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