AUDITING & ASSURANCE SERVICES CONNECT AC
AUDITING & ASSURANCE SERVICES CONNECT AC
10th Edition
ISBN: 9781259292057
Author: MESSIER
Publisher: MCG
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Chapter 16, Problem 16.14MCQ
To determine

Concept Introduction:

Companies usually do various transactions with banks involving borrowing loans. So, auditor needs to collect information about loans given by bank to company. In order to verify the transactions withbank, auditor makes confirmation request and send it to bank for verification of existence of transaction occur during the year.

To choose: The correct option for the reason that an auditor sends confirmation request to bank under the audit.

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