Auditors are not always required to obtain bank confirmations.

Question

Quizplus · Accepted Answer

Auditors are not always required to obtain bank confirmations, but they may choose to request them as part of their auditing procedures. The need for bank confirmations can depend on the nature and complexity of the client's operations, as well as the level of risk associated with the financial statements. However, in some cases, auditors may rely on other forms of evidence or perform alternative procedures instead of obtaining bank confirmations.

Auditors Are Not Always Required to Obtain Bank Confirmations