The bank confirmation is the most important procedure for the auditor because
A) it allows the auditor to verify from the company that the amount of cash listed by the company is valid
B) it allows the auditor to inquire from a source independent from the company that the amount of cash listed by the company is valid
C) it allows the auditor to verify from a source independent from the company that the amount of cash listed by the company is on hand
D) it allows the auditor to verify from a source independent from the company that the amount of cash listed by the company is valid
Correct Answer:
Verified
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