Auditors ordinarily send a standard confirmation request to all banks with which the client has done business during the year under audit,regardless of the year-end balances.A purpose of this procedure is to
A) Provide the data necessary to prepare a proof of cash.
B) Request that a cutoff bank statement and related checks be sent to the audit.
C) Detect questionable bank activities that may otherwise not be discovered.
D) Seek information about contingent liabilities and security agreements.

Question

Quizplus · Accepted Answer

The Answer of Auditors ordinarily send a standard confirmation request to all banks with which the client has done business during the year under audit,regardless of the year-end balances.A purpose of this procedure is to
A) Provide the data necessary to prepare a proof of cash.
B) Request that a cutoff bank statement and related checks be sent to the audit.
C) Detect questionable bank activities that may otherwise not be discovered.
D) Seek information about contingent liabilities and security agreements.

Auditors Ordinarily Send a Standard Confirmation Request to All Banks