Which of the Following Is a Correct Statement Regarding Confirmations

question 115

Multiple Choice

Which of the following is a correct statement regarding confirmations?

• A) Confirmations can be in oral or written form.
• B) Electronic confirmations are not acceptable under generally accepted auditing standards.
• C) Confirmations are generally used in the audit of fixed asset additions.
• D) Auditors consider alternative evidence available when determining if confirmations should be used.

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Definitions:

Manufacturing Capabilities

The technical and operational abilities of a company or factory to produce goods, often measured in terms of quality, volume, and efficiency.

Consumer Consumption

The use of goods and services by individuals or households.

Self-monitors

Individuals who are highly aware of social cues and adapt their behavior accordingly to fit into different situations or to make favorable impressions.

Social Aspects

Refers to how individuals in society interact with and relate to each other, shaping behaviors, beliefs, and norms.