Which audit assertion does the audit procedure of obtaining a confirmation from selected accounts receivable of amounts owed to the audit client relate to?
A) existence
B) classification
C) accuracy
D) completeness

Question

Quizplus · Accepted Answer

Obtaining a confirmation from selected accounts receivable of amounts owed to the audit client relates to the existence assertion. This confirms that the receivables actually exist and are owed to the client.

Which Audit Assertion Does the Audit Procedure of Obtaining a Confirmation