Question: To provide efficient, reliable evidence, confirmations should be ________. a) created by the client and sent to third parties to be returned to the client

To provide efficient, reliable evidence, confirmations should be ________.

a)

created by the client and sent to third parties to be returned to the client

b)

created by the auditor and sent to third parties to be returned to the client

c)

created by the auditor and sent to third parties to be returned to the auditor

d)

created by the client and sent to third parties to be returned to the auditor

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Tabulate and draw the investment opportunity set of the two risky funds. Use investment proportions for the stock fund of zero to 100% in increments of 20%. A pension fund manager is considering...

Q:

The GAAS examination standards relating to the audit of financial statements, mandates each of the following requirements, except for Plan and perform an audit to reduce audit risk to an acceptably...

Q:

2. 3. The GAAS examination standards relating to the audit of nancial statements, mandates each of the following requirements, except for a. b. c. (1. Plan and perform an audit to reduce audit risk...

Q:

plz highlight answer in RED!!!!!!!!!!!!!! 93% COORECT ARE NEEDED!!!!!!!!!! if not, answer wil not accetpt!!!!!!!!!!!!!!! plz!!!!!!!!!! carefully answer Question 1 of 45 Which of the following...

Q:

13 ?Which of the following types of audit evidence is the most reliable Directly observable evidence a Facsimiles of documents b Evidence from a poorly controlled system.c Evidence from the client's...

Q:

a The type of audit opinion to be rendered based upon procedures performed. b. The audit procedures that will be performed every year for the client. c. How an auditor should think while performing...

Q:

Please list correct options Mohammad Amed is responsible for preparing bank reconciliation statements at Ajax Ltd. Ajax has many bank accounts, including separate accounts for each major branch,...

Q:

View Policies Current Attempt in Progress Mohammad Amed is responsible for preparing bank reconciliation statements at Ajax Ltd. Ajax has many bank accounts, including separate accounts for each...

Q:

Mohammad Amed is responsible for preparing bank reconciliation statements at Ajax Ltd. Ajax has many bank accounts, including separate accounts for each major branch, imprest accounts for salaries...

Q:

Mohammad Amed is responsible for preparing bank reconciliation statements at Ajax Ltd. Ajax has many bank accounts, including separate accounts for each major branch, imprest accounts for salaries...

Q:

APPENDIX A Audit Procedure Checklist - Student Deliverable Date Initial Audit Procedures Go to https://edu.Confirmation.com, the educational platform created by Confirmation.com for the purpose of...

Q:

Factor the trinomial below. Have your final answer in factored form. m +32m-282 Answer: Score: N/A/1 Question 8. Version 1/1. Score: 0/1 Factor the trinomial below. Have your final answer in factored...

Q:

Explain the hierarchy of inputs used in determining fair values. The use of which level of input lowers the reliability of fair value estimates?

Q:

A ball of radius 1 3 has a round hole of radius 9 drilled through its center. Find the volume of the resulting solid. Round your answer to the nearest whole number.

Q:

The Budgetary Comparison Schedule for the City of Vienna appears below. Several items of information are missing (denoted with "?"). CITY OF VIENNA Budgetary Comparison Schedule General Fund For the...

Q:

During 2015, TRC Corporation has the following inventory transactions. For the entire year, the company sells 440 units of inventory for $60 each. Required: 1. Using FIFO, calculate (a) Ending...

Q:

Three years ago. Karen Suez and her brother-in-law Reece Jones opened Glgasales Department Store. For the first 2 years, business was good, but the following condensed income statement results for...

Q:

Wayman Corporation reports the following amounts in its December 31, 2018, income income statement Required: Prepare a multiple-step income statement. Sales revenue $390,000 Interest expense Salaries...

Q:

Mary, a single taxpayer with two dependent children, has the following items of income and expense during 2014: Gross receipts from business ............ $144,000 Business expenses ...................

Q:

Realiza un cuadro comparativo donde analices y expliques: Las diferencias y semejanzas entre los diferentes tipos de auditora incluyendo la auditoria adminstrativa

Q:

The loss of entrepreneurially minded staff from larger organizations back to family businesses has focused attention on recruitment, retention and compensation.

Q:

Specific training needs are coming to the fore: language, computer, sales and marketing skills.

Q:

manageremployee relationship deteriorating over time;