External confirmation is kind of audit evidence. This is obtained by the auditors from third party to confirm the balances or transactions. An external confirmation can be either positive or negative confirmation. To indicate: The reason that the bank confirmation does not identify all bank accounts or loans of the entity.

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Answer 1

Question

Chapter 16, Problem 16.4RQ

To determine

Concept Introduction:

External confirmation is kind of audit evidence. This is obtained by the auditors from third party to confirm the balances or transactions. An external confirmation can be either positive or negative confirmation.

To indicate: The reason that the bank confirmation does not identify all bank accounts or loans of the entity.

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Answer 2

Question

Chapter 16, Problem 16.4RQ

To determine

Concept Introduction:

External confirmation is kind of audit evidence. This is obtained by the auditors from third party to confirm the balances or transactions. An external confirmation can be either positive or negative confirmation.

To indicate: The reason that the bank confirmation does not identify all bank accounts or loans of the entity.

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Answer 3

Question

Chapter 16, Problem 16.4RQ

To determine

Concept Introduction:

External confirmation is kind of audit evidence. This is obtained by the auditors from third party to confirm the balances or transactions. An external confirmation can be either positive or negative confirmation.

To indicate: The reason that the bank confirmation does not identify all bank accounts or loans of the entity.

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Answer 4

Question

Chapter 16, Problem 16.4RQ

To determine

Concept Introduction:

External confirmation is kind of audit evidence. This is obtained by the auditors from third party to confirm the balances or transactions. An external confirmation can be either positive or negative confirmation.

To indicate: The reason that the bank confirmation does not identify all bank accounts or loans of the entity.

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Answer 5

Chapter 16, Problem 16.4RQ

To determine

Concept Introduction:

External confirmation is kind of audit evidence. This is obtained by the auditors from third party to confirm the balances or transactions. An external confirmation can be either positive or negative confirmation.

To indicate: The reason that the bank confirmation does not identify all bank accounts or loans of the entity.

Answer 6

Chapter 16, Problem 16.4RQ

To determine

Concept Introduction:

External confirmation is kind of audit evidence. This is obtained by the auditors from third party to confirm the balances or transactions. An external confirmation can be either positive or negative confirmation.

To indicate: The reason that the bank confirmation does not identify all bank accounts or loans of the entity.

Answer 7

Chapter 16, Problem 16.4RQ

To determine

Concept Introduction:

External confirmation is kind of audit evidence. This is obtained by the auditors from third party to confirm the balances or transactions. An external confirmation can be either positive or negative confirmation.

To indicate: The reason that the bank confirmation does not identify all bank accounts or loans of the entity.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 16 - Prob. 16.1RQ Ch. 16 - Prob. 16.2RQ Ch. 16 - Prob. 16.3RQ Ch. 16 - Prob. 16.4RQ Ch. 16 - Prob. 16.5RQ Ch. 16 - Prob. 16.6RQ Ch. 16 - Prob. 16.7RQ Ch. 16 - Prob. 16.8RQ Ch. 16 - Prob. 16.9RQ Ch. 16 - Prob. 16.10RQ

Solution Summary: The author explains that external confirmation is kind of audit evidence obtained by the auditors from third party to confirm the balances or transactions.

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Chapter 16 Solutions