When Using Confirmations with Outside Parties,the Auditor Must Assure Which

question 100

Multiple Choice

When using confirmations with outside parties,the auditor must assure which of the following about the outside party?

• A)The outside party exists.
• B)The outside party is able to respond objectively and independently.
• C)The outside party is unbiased in responding.
• D)All the above.

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Definitions:

Internal Revenue Service

The U.S. government agency responsible for tax collection and tax law enforcement.

Enabling Legislation

A statute enacted by Congress that authorizes the creation of an administrative agency and specifies the name, composition, purpose, and powers of the agency.

Administrative Agencies

Governmental bodies having jurisdiction to implement and enforce specific legislation.

Executive Branch

The branch of government responsible for implementing and enforcing laws, typically headed by the president or prime minister.