Confirmation is most likely to be a relevant form of evidence with regard to assertions about accounts receivable when the auditor has concerns about the accounts receivables'
A)valuation.
B)classification.
C)existence.
D)completeness.

Question

Quizplus · Accepted Answer

Confirmation provides evidence regarding the existence of accounts receivable, which is the most relevant assertion when there are concerns about the accuracy and completeness of the accounts receivable balances. Valuation and completeness are also important assertions, but confirmation alone may not provide sufficient evidence for these assertions. Classification is not as relevant to accounts receivable as the other assertions.

Confirmation Is Most Likely to Be a Relevant Form of Evidence