Which of the Following Statements Is Correct

question 8

Multiple Choice

Which of the following statements is correct?

• A) Auditors must obtain bank confirmations for audits of nonpublic entities.
• B) Auditors are required to obtain bank confirmations under international auditing standards.
• C) Auditing standards do not address specific requirements regarding bank confirmations.
• D) Auditing standards do not require bank confirmations.

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Definitions:

Critical Thinker

An individual who possesses a strong ability to engage in reflective and independent thinking, in order to make reasoned and well-thought judgments.

Wartime Detainees

Individuals who are held or imprisoned during times of war or conflict, often without trial, due to their nationality, suspected activities, or affiliation.

Circular

Describing reasoning or argument that is logically flawed because its conclusion is assumed in its premises.