Which of the Following Statements Is Correct

question 80

Multiple Choice

Which of the following statements is correct?

• A) Auditors must obtain bank confirmations on every audit.
• B) Auditors obtain bank confirmations at their discretion.
• C) Auditing standards do not address specific requirements regarding bank confirmations.
• D) Auditing standards do not require bank confirmations except when there is an unusually large number of inactive bank accounts.

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Definitions:

Caregiver

An individual who assists with the needs and activities of another person, often due to age, illness, or disability.

Ainsworth

Mary Ainsworth was a developmental psychologist known for her work in early emotional attachment and the "Strange Situation" assessment.

Social Competence

The ability to interact effectively with others, including understanding and managing social situations and relationships.

Genetic

Relating to genes or heredity, the biological process whereby genetic factors are transmitted from one generation to the next.