When using confirmations with outside parties,the auditor must assure which of the following about the outside party?
A)The outside party exists.
B)The outside party is able to respond objectively and independently.
C)The outside party is unbiased in responding.
D)All the above.

Question

Quizplus · Accepted Answer

All the options are important considerations for the auditor when using confirmations with outside parties. The auditor must ensure that the outside party exists and is able to respond objectively and independently. In addition, the outside party must be unbiased in responding to the confirmation request to provide reliable and useful information.

When Using Confirmations with Outside Parties,the Auditor Must Assure Which