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Which of the Following Statements Is Correct

Question 9

Multiple Choice

Which of the following statements is correct?


A) Auditors must obtain bank confirmations on every audit.
B) Auditors obtain bank confirmations at their discretion.
C) Auditing standards do not address specific requirements regarding bank confirmations.
D) Auditing standards do not require bank confirmations except when there is an unusually large number of inactive bank accounts.

Correct Answer:

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