Confirmation Is Most Likely to Be a Relevant Form of Evidence

question 21

Multiple Choice

Confirmation is most likely to be a relevant form of evidence with regard to assertions about accounts receivable when the auditor has concerns about the receivables'

• A) valuation.
• B) classification.
• C) existence.
• D) completeness.

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Definitions:

Germans

Refers to the people hailing from Germany, a country in Central Europe, or to their descendants and cultural contributions worldwide.

Italians

Refers to the people from Italy or of Italian descent. In a historical American context, often relates to immigration waves and the integration of Italian-Americans into U.S. society.

Middle Class

A socioeconomic group situated between the working class and the upper class, often defined by moderate income, education, and employment stability.

Independently Wealthy

A term used to describe a person who has accumulated enough wealth that they do not need to work for a living; their assets generate sufficient income.