Recall the most common causes of bank reconciliation differences.
Recon is off by exactly the amount of a bank fee. What do you test? Whether the fee is missing, duplicated, or dated outside the statement period. Fees are common because they appear on the statement before a receipt or bill exists. It is only $64, so a reconciliation adjustment is fine. Your line Small differences still need a named cause; otherwise the reconciliation stops being a control. Using materiality to skip evidence. It protects the control while leaving room for documented immaterial cleanup. Outstanding check vs missing transaction Timing explains; missing items require entry. Difference equals double another transaction.…
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