Which of the Following Is not True About the Confirmation

question 52

Multiple Choice

Which of the following is not true about the confirmation of accounts receivable?

• A)Confirmation requests should bear the auditors' return address.
• B)Confirmation requests should be signed by the auditors.
• C)Confirmation requests should be mailed directly by the auditors.
• D)Confirmation requests should include a return envelope addressed to the office of the auditors.

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Definitions:

Semiannually

Referring to an occurrence or event happening twice a year.

Maturity Date

The particular date when the last payment of a loan, bond, or another financial instrument must be made.

Strip Bond

A Strip Bond is an investment vehicle created by separating a bond's periodic interest payments from its principal repayment obligation and selling each part as individual securities.

Yield Compounded

The process where investment gains earn additional earnings over time.