Final answer:
The statement is True. Many of the auditor's audit procedures in the audit of cash center around the client's bank confirmations.
Step-by-step explanation:
The statement is True. Many of the auditor's audit procedures in the audit of cash center around the client's bank confirmations. Bank confirmations are a crucial part of the audit process for cash because they provide external evidence of the client's cash balances and transactions. By confirming cash balances directly with the client's banks, auditors can verify the accuracy and completeness of the client's reported cash balances. For example, auditors may send bank confirmation letters to each of the client's banks, requesting information about the client's account balances, outstanding checks, and other related details. The responses from the banks help the auditors assess the client's cash position and identify any discrepancies or irregularities.