00:01
So here in a question, we have different parts.
00:04
So at part a, we have to tell the technique available to gather evidence about the bank reconciliation.
00:12
So first technique is documentation review, documentation review.
00:20
So in this reviewing the bank reconciliation and related documentation like bank statements, reconciliation statements and supporting schedule, this technique provide direct evidence.
00:35
This technique provide direct evidence.
00:38
To of the reconciliation process and accuracy of the reconsideration, accuracy for reconciliation.
00:47
The quality of evidence obtained depend on the completeness and accuracy of the documentation.
00:53
The second technique is inquiry.
00:56
So under this technique, interviewing the current staff member and supervisor is responsible for the bank reconciliation to understand their roles, responsibilities and the process they follow.
01:09
So basically in this we have to interview the staff members and this technique allow obtaining first -hand information.
01:19
This provide first -hand information about the reconciliation process and any changes made due to the staff changes.
01:30
So the quality of evidence obtained depends on the truthful and reliability of the individual who have interviewed.
01:38
Third technique will be observation.
01:40
So under this technique, we have to observing the current staff members perform performing a bank reconciliation.
01:49
So this technique process, this technique provide direct evidence to the reconciliation process being followed and allow for assessing the competence and effectiveness of the staff members.
02:02
So the quality of evidence is only only depend on the accuracy and completeness of observed reconciliation.
02:09
So these are the techniques.
02:10
Now at the b part of the question, they ask whether to ask the employees responsible for bank reconciliation about their performances.
02:19
So we can say yes, it is still important.
02:24
It is important to ask the employee for bank reconciliation about their performance despite the possibility that they may not not tell the whole truth possibility is there.
02:41
They may not tell whole truth...