Question: The auditing standards define external confirmation as a direct written response to the auditor from a third party ( the confirming party ) , either
The auditing standards define external confirmation as "a direct written response to the auditor from a third party the confirming party either in paper form or by electronic or other medium." The assertions for which confirmation of accounts receivable balances provides primary evidence are
Classification and rights and obligations.
Completeness and presentation.
Existence and completeness.
Rights and obligations and existence.
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