The standard bank confirmation should be sent to all banks used by the client during the year,including those with a zero balance.

Question

Quizplus · Accepted Answer

Standard bank confirmations are usually sent to all banks used by the client during the year, regardless of the balance. This helps to provide a complete picture of the client's financial activity and enables the confirmation of account balances, outstanding loans, and other relevant details. Therefore, it's important to include all banks, even those with a zero balance, to ensure that nothing is overlooked.

The Standard Bank Confirmation Should Be Sent to All Banks