Question: Matching Exercise 1 1 - 2 ( Algo ) [ LO 1 1 - 6 ] Reply as to whether each of the following comments

Matching Exercise 11-2(Algo)[LO 11-6] Reply as to whether each of the following comments relating to the confirmation of accounts receivable during a financial statement audit is correct or incorrect 1. Only material accounts need be confirmed.2. A combination of positive and negative requests may be used.3. Depending upon the circumstances, auditors may confirm total balances due or individual portions of those balances.4. Confirmations address completeness more than they address existence.5. Overall, positive confirmation requests are ordinarily considered to result in more reliable evidence than negative requests.6. Test of control results may result in the need to confirm fewer accounts.

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