Accounts receivable confirmations usually provide strong evidence about which of the following?
A)The existence of receivables.
B)The completeness of receivables.
C)The presentation and disclosure of receivables.
D)The obligations of receivables.

Question

Quizplus · Accepted Answer

Accounts receivable confirmations are primarily used by auditors to verify the existence of the stated receivables by asking the debtor to confirm directly the balance owed to the company, thus providing strong evidence about the existence of those receivables.

Accounts Receivable Confirmations Usually Provide Strong Evidence About Which of the Following