Which of the Following Is Not True About the Auditors

Multiple Choice

Which of the following is not true about the auditors' verification of notes receivable?

A) The interest revenue on notes receivable is usually audited by independent computation.
B) Inspecting the notes is sufficient evidence of existence of the notes.
C) The auditors may evaluate the collectibility of notes by inspecting credit files.
D) Confirmation of notes payable to banks may be accomplished in conjunction with the confirmation of cash balances.