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:

Individual Differences

Variations among people in their thinking, emotion, personality, and behavior.

Visibility

The degree to which actions, decisions, or processes are observable, transparent, and open to scrutiny by outside parties.

Centrality

The importance or influence of a node within a network, indicating how vital a point is within the structure.

Network Structure

The arrangement or organization of elements within a network, defining how they are interconnected.