The Usefulness of the Standard Bank Confirmation Request May Be

question 718

Multiple Choice

The usefulness of the standard bank confirmation request may be limited because the bank employee who completes the form may:

• A) Not believe that the bank is obligated to verify confidential information to a third party.
• B) Sign and return the form without inspecting the accuracy of the client's bank reconciliation.
• C) Not have access to the client's cutoff bank statement.
• D) Be unaware of all the financial relationships that the bank has with the client.

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Definitions:

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Specified or appointed for a particular purpose.

State Legislature

The legislative body at the state level in the United States, responsible for making laws and statutes within its state.

State Appellate Court Decisions

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