The Most Reliable Evidence from Confirmations Is Obtained When They

question 58

Multiple Choice

The most reliable evidence from confirmations is obtained when they are sent

• A)several months before the year-end,so the auditor will have adequate time to perform alternate procedures if they are required.
• B)at various times throughout the year to different sections of the sample,so that the entire sample is representative of account balances scattered throughout the year.
• C)as close to the balance sheet date as possible.
• D)at various times throughout the year to the same group in the sample,so that the sample will not have a time bias.

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Definitions:

Union Leadership

Refers to individuals or a group of individuals who are elected or appointed to govern and represent a labor union, making decisions and acting as intermediaries between the union's membership and employers.

Rank and File

The regular members of an organization, particularly in military or labor union contexts, as distinct from the leadership or command structures.

Government Control

The extent to which a government uses its authority to regulate and direct economic operations, policy-making, and society.

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.