List down the substansive tests that can be taken to audit petty cash?

Substantive tests for auditing petty cash typically include reviewing the petty cash ledger for accuracy and completeness, conducting surprise cash counts to verify the physical cash on hand against the recorded amount, and examining supporting documentation for petty cash disbursements to ensure they are legitimate and properly authorized. Additionally, auditors may analyze the frequency and nature of petty cash transactions to assess the appropriateness of the amounts disbursed. Finally, they may also evaluate the controls surrounding the petty cash fund to ensure compliance with company policies.