An auditor would be LEAST likely to use confirmations in connection with the examination of:
A) shareholders' equity.
B) property, plant, and equipment.
C) long-term debt.
D) inventories.

Question

Quizplus · Accepted Answer

Confirmations are typically used for verifying information with external parties. For property, plant, and equipment, physical inspections and reviews of documents like purchase invoices or property titles are more common audit procedures, making confirmations less likely compared to the examination of shareholders' equity, long-term debt, or inventories where confirmations with external parties (e.g., banks, suppliers) are more relevant and useful.

An Auditor Would Be LEAST Likely to Use Confirmations in Connection