Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. when sending out bank confirmation requests, which

When sending out bank confirmation requests, which of the following statements is FALSE? A: The...

90.2K

Verified Solution

Question

Accounting

When sending out bank confirmation requests, which of the following statements is FALSE?
A: The client's authorised signature guarantees that the information in the bank confirmation request letter is accurate and complete.
B: Confirmation requests need to be sent to the correct financial institutions to ensure that they receive our request and can respond in a timely manner.
C: Confirmation requests would include the contact information of the engagement teamfor returned confirmations.
D: Responsibility and control of the bank confirmation requests must stay with the auditor rather than the client at all times.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Listen Which feature do all chordates possess at least in some part of their life...

Biology
Q

5 Blocks A and B are initially in equilibrium The springs and strings are ideal...

Physics
Q

The average THC content of marijuana sold on the street is 9.6%. Suppose the THC...

Basic Math
Q

X P x 0 0 15 0 25 0 3 0 3 1 2 3...

Statistics
Q

Two northern towns are at record low temperatures. One is at -13 and the other...

Algebra
Q

Cost of goods sold is expected to be 70% of sales. ...

Accounting
Q

Martinez Inc. reports the following incomes (losses) for both book and tax purposes (assume the...

Accounting
Q

There are six steps in calculating the current and deferred income tax expense or benefit...

Accounting
Q

5. Suppose $17000 earns interest of $983.81 in one year. What is the nominal annual...

Accounting
Q

A firm's income statement included the following data. The firm's average tax rate was 25%....

Accounting
Q

CIA Review, Inc., provides review courses twice each year for students studying to take the...

Accounting
Q

In the first month of business, Ivanhoe Interior Design Company had the following transactions: Mar....

Accounting