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:

Important Ideas

Concepts or thoughts of significant value or consequence in a given context, often influencing actions and decisions.

Arguments Against

Reasons or statements presented in opposition to a particular stance, proposal, or theory.

Big Picture

An overall or comprehensive perspective on a situation or issue, taking into account all factors and implications.

Unreliable Information

Data or facts that cannot be trusted due to inaccuracies, biases, or lack of credibility.