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

Question

Quizplus · Accepted Answer

Confirmations are less likely to be used in connection with property, plant, and equipment because they are tangible assets and can be physically verified through inspection or observation. Confirmations are more commonly used for verifying the existence and accuracy of financial balances such as long-term debt, shareholders' equity, and inventories, where the auditor may not have physical access to the records or assets.

An Auditor Would Be LEAST Likely to Use Confirmations in Connection