When performing confirmation of cash balances with a bank, the auditor is primarily gathering evidence related to
Question:
When performing confirmation of cash balances with a bank, the auditor is primarily gathering evidence related to which financial statement assertion?
a. Existence.
b. Completeness.
c. Valuation.
d. Presentation and Disclosure.
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a Correct Confirmation of cash balances provides the best evidence of the existence of cash held ...View the full answer
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Related Book For
Auditing And Assurance Services
ISBN: 9781266796852
9th Edition
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
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