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

Question

Quizplus · Accepted Answer

Confirmations are most reliable when they are sent as close to the balance sheet date as possible, because this ensures that the information obtained is the most current and accurate reflection of the account balances at the end of the reporting period. Sending confirmations too far in advance may result in outdated or inaccurate information, while sending them too close to the audit report date may not allow the auditor enough time to perform alternative procedures if necessary.

The Most Reliable Evidence from Confirmations Is Obtained When They