The standard bank confirmation, developed jointly by the AICPA, the American Bankers Association, and the Bank Administration Institute, requests information about all of the following except:
A) deposit balances.
B) loan interest rates.
C) loan balances.
D) other deposit or loan accounts that may have come to the attention of the bank official.
E) secondary endorsements.

Question

Quizplus · Accepted Answer

The standard bank confirmation does not typically request information about secondary endorsements. It focuses on verifying deposit balances, loan balances, loan interest rates, and any other deposit or loan accounts known to the bank. Secondary endorsements pertain to the transfer of rights of a financial instrument, which is not a primary concern in the context of a bank confirmation.

The Standard Bank Confirmation, Developed Jointly by the AICPA, the American