Accounting · Bank Reconciliation Statement

Consider the following statements regarding the Bank Reconciliation Statement (BRS): Statement I: A Bank Reconciliation Statement is prepared by the bank's internal auditor at the end of every financial year to ensure that the bank's general ledger matches with the central bank's records. Statement II: If the reconciliation starts with an overdraft balance as per the Passbook, cheques deposited into the bank but not yet cleared must be added to reach the overdraft balance as per the Cash Book. Statement III: Errors committed by the bank, such as a wrong debit for a cheque that belonged to another customer, will require an adjustment in the Cash Book before the BRS can be finalized. Which of the statements given above is/are correct?