Confirmations from outside organizations such as banks and law firms are
A)a highly regarded and often-used type of evidence.
B)expensive and rarely used during the audit.
C)difficult to obtain and infrequently required.
D)internal documents that provide low-quality evidence.

Question

Quizplus · Accepted Answer

Confirmations from outside organizations such as banks and law firms are considered a highly regarded and often-used type of evidence in audits as they provide independent verification of a company's financial transactions and balances.

Confirmations from Outside Organizations Such as Banks and Law Firms