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Which of the Following Is a Correct Statement Regarding Confirmations

Question 115

Multiple Choice

Which of the following is a correct statement regarding confirmations?


A) Confirmations can be in oral or written form.
B) Electronic confirmations are not acceptable under generally accepted auditing standards.
C) Confirmations are generally used in the audit of fixed asset additions.
D) Auditors consider alternative evidence available when determining if confirmations should be used.

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