Dean Tomaszczyk was training junior audit staff and mentioned the importance of third party documentation. Which of the following are not external confirmations?
A) supplier invoices
B) bank confirmations
C) payable confirmations
D) receivable confirmations

Question

Quizplus · Accepted Answer

Supplier invoices are not external confirmations because they are generated by the company's suppliers, making them internal documents. Bank confirmations, payable confirmations, and receivable confirmations are examples of external confirmations because they involve outside parties directly confirming account balances or transactions.

Dean Tomaszczyk Was Training Junior Audit Staff and Mentioned the Importance