Question

A(n) ________ is a supporting schedule that supports a specific amount and is normally expected to tie the amount recorded in the client's records to another source of information.

A)reconciliation of amounts
B)summary of procedures
C)informational document
D)analysis

Answer 1

A reconciliation of amounts is a supporting schedule that ties the amount recorded in the client's records to another source of information. It is used to ensure accuracy and completeness of financial statements.

Step-by-step explanation:

A(n) reconciliation of amounts is a supporting schedule that supports a specific amount and is normally expected to tie the amount recorded in the client's records to another source of information. It is commonly used in accounting and auditing to ensure accuracy and completeness of financial statements. For example, a bank reconciliation compares the bank statement balance with the company's cash records.