An auditor may obtain information on the December 31 month-end balance per bank in which of the following?
$\begin{array} { c c c }
& \text { Stardard Confirmation Form} & \text { January 1 -10 Cutoff Btatement} \\end{array}$
A- $\begin{array} { c c c } \quad\quad\quad\text { Yes } &\quad\quad\quad\quad \quad\quad\quad \quad\quad\quad \quad\quad\quad\text { Yes } \\end{array}$
B- $\begin{array} { c c c }\quad\quad\quad \text { Yes } &\quad\quad\quad\quad \quad\quad\quad \quad\quad\quad \quad\quad\quad \text { No } \\end{array}$
C- $\begin{array} { c c c } \quad\quad\quad\text { No } & \quad\quad\quad \quad\quad\quad \quad\quad\quad\quad\quad\quad\quad\text {Yes } \\end{array}$
D- $\begin{array} { c c c }\quad\quad\quad \text { No } &\quad\quad\quad\quad \quad\quad\quad \quad\quad\quad \quad\quad\quad\text { No }
\end{array}$

Question

An auditor may obtain information on the December 31 month-end balance per bank in which of the following? 
$\begin{array} { c c c } 
& \text { Stardard Confirmation Form} & \text { January  1 -10 Cutoff Btatement} \\end{array}$
A- $\begin{array} { c c c }  \quad\quad\quad\text { Yes } &\quad\quad\quad\quad  \quad\quad\quad \quad\quad\quad \quad\quad\quad\text { Yes } \\end{array}$ 
B-  $\begin{array} { c c c }\quad\quad\quad \text { Yes } &\quad\quad\quad\quad  \quad\quad\quad \quad\quad\quad \quad\quad\quad \text {  No } \\end{array}$
C-  $\begin{array} { c c c } \quad\quad\quad\text {  No } &  \quad\quad\quad \quad\quad\quad \quad\quad\quad\quad\quad\quad\quad\text {Yes } \\end{array}$
D-   $\begin{array} { c c c }\quad\quad\quad \text { No } &\quad\quad\quad\quad  \quad\quad\quad \quad\quad\quad \quad\quad\quad\text {  No }
\end{array}$

Quizplus · Accepted Answer

Standard Confirmation Forms are used to confirm the balance of an account directly with the bank, and January 1-10 Cutoff Statements can provide information on the December 31 balance by showing the transactions that occurred shortly after year-end.