Auditors Ordinarily Send a Standard Confirmation Request to All Banks

question 40

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.

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