The primary purpose of sending a standard confirmation request to financial institutions with which the client has done business during the year is to

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The primary purpose of a standard confirmation request is to obtain corroboration of information regarding deposit and loan balances, which is crucial in verifying the accuracy of financial statements. This confirmation process can also help detect errors, omissions, or fraud, but its primary purpose is to provide assurance regarding the accuracy of financial statements.

The Primary Purpose of Sending a Standard Confirmation Request to Financial