Auditors Ordinarily Send a Standard Confirmation Request to All Banks

question 23

Multiple Choice

Auditors ordinarily send a standard confirmation request to all banks with which the client has done business during the year under audit,regardless of the year-end balances.A purpose of this procedure is to

• A)provide the data necessary to prepare a proof of cash.
• B)request that a cutoff bank statement and related checks be sent to the audit.
• C)detect questionable bank activities that may otherwise not be discovered.
• D)seek information about contingent liabilities and security agreements.

---

Definitions:

Meditation Practice

A disciplined approach to training the mind or inducing a mode of consciousness, often for the purpose of achieving relaxation, mindfulness, or spiritual insight.

Buddhism

A major world religion or philosophy founded in northeastern India in the 5th century BC, based on the teachings of Siddhartha Gautama, also known as the Buddha.

Major Religion

One of the world's principal religious traditions, often having a large number of followers or a significant historical influence.

Wars

Armed conflicts between countries or groups within a country, characterized by extreme violence, aggression, and destruction.