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

Question

Quizplus · Accepted Answer

Confirmation of accounts receivable is a direct means of verifying the existence and amount of receivables reported by a company. It is less relevant for assessing classification issues, which are more about how receivables are presented in financial statements (e.g., current vs. non-current) rather than confirming their existence or amount.

Confirmation Is Least Likely to Be a Relevant Form of Evidence