Physical Verification of Cash -Bank Audit.

CA IN PRACTICE... ( CA ) (490 Points)

29 December 2009  

Dear Friends,

During my study to Chapter "Bank Audit" in Auditing i came to point that while doing Bank Audit the physical verification of cash is done to verify cash balances. I want to know that whether it is normally followed in Regular practice while doing audit by any Chartered Accountant.

If yes is it possible to count cash balances of bank or based on

register maintain by cashier.

Please reply