Question: Auditing standards define a confirmation as the process of obtaining and evaluating a direct communication from a third party in response to a request for
Auditing standards define a confirmation as the "process of obtaining and evaluating a direct communication from a third party in response to a request for information about a particular item affecting financial statement assertions." The assertion for which confirmation of accounts receivable balances provides primary evidence is:
a. Completeness
b. Presentation & Disclosure
c. Valuation
d. Rights & Obligations
e. Existense
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