Stella Is Auditing the Electronic Receipts and Payments

Multiple Choice

Stella is auditing the electronic receipts and payments.The extent of her audit work conducted on the bank reconciliation will

A) be less extensive than if the company did not engage in electronic receipts and payments.
B) be more extensive than if the company did not engage in electronic receipts and payments.
C) depend on the assessed quality of internal controls.
D) be significantly diminished if Stella can determine that the receipts and payments come from a reputable bank with proper internal controls.