The most reliable evidence from confirmations is obtained when they are sent:
A) at various times throughout the year to different sections of the samples, so that the entire sample is representative of account balances scattered throughout the year.
B) several months before the year-end, so the auditor will have adequate time to perform alternate procedures if they are required.
C) at various times throughout the year to the same group in the sample, so that the sample will not have a time bias.
D) as close to the balance sheet date as possible.

Question

Quizplus · Accepted Answer

Confirmations should be sent as close to the balance sheet date as possible to obtain the most reliable evidence. This reduces the possibility of subsequent events affecting the accuracy of the balance. Option A and C may lead to a sampling bias, and Option B may not allow sufficient time for alternate procedures if responses are not received in a timely manner.

The Most Reliable Evidence from Confirmations Is Obtained When They