The Auditor Will Send a Standard Bank Confirmation to Which

question 2

Multiple Choice

The auditor will send a standard bank confirmation to which of the following?

• A)financial institutions of customers using the lockbox.
• B)financial institutions for which the client has a balance greater than $0 at the end of the year.
• C)financial institutions with which the client has transacted during the year.
• D)financial institutions used by significant shareholders.

---

Definitions:

Information

Data, facts, or details obtained through research, experience, or instruction, which can be analyzed or used to make decisions.

Sender

The person or entity who initiates a message or package to be delivered to a recipient.

Receiver

The individual or group who is the intended recipient of a message or information.

Effectively Written

Effectively written text communicates ideas clearly, concisely, and persuasively, achieving its intended purpose with its target audience.