Which of the Following Statements Is Correct

question 7

Multiple Choice

Which of the following statements is correct?

• A) Bank personnel are responsible for providing reasonable assurance that a response to a bank confirmation is accurate.
• B) Bank personnel are responsible for providing complete assurance that a bank confirmation is complete.
• C) Bank personnel are not responsible for searching their records for bank balances or loans beyond those included on the bank confirmation.
• D) Bank personnel are not responsible for providing information related to interest on the bank confirmation.

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Definitions:

Career Groups

Categories or clusters of occupations based on common characteristics, skills, or fields.

Contingency Table

A data table that displays the frequency distribution of variables to study the relationship between them.

Political Party

An organized group of people with at least roughly similar political aims and opinions, that seeks to influence public policy by getting its candidates elected to public office.

Income Bracket

a range of incomes grouped together for the purpose of taxation or statistical analysis.