
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206 Exercise 23
An auditor ordinarily sends a standard confirmation request to all banks with which the entity has done business during the year under audit, regardless of the year-end balance. One 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 auditor.
C) Detect kiting activities that may otherwise not be discovered.
D) Seek information about loans from the banks.
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 auditor.
C) Detect kiting activities that may otherwise not be discovered.
D) Seek information about loans from the banks.
Explanation
Justification
The standard confirmation...
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
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