When performing confirmation of cash balances with a bank, the auditor is primarily gathering evidence related to

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When performing confirmation of cash balances with a bank, the auditor is primarily gathering evidence related to which financial statement assertion?

a. Existence.

b. Completeness.

c. Valuation.

d. Presentation and Disclosure.

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Auditing And Assurance Services

ISBN: 9781266796852

9th Edition

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

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Question Posted: May 20, 2023 06:19 AM

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When performing confirmation of cash balances with a bank, the auditor is primarily gathering evidence related to

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a Correct Confirmation of cash balances provides the best evidence of the existence of cash held ...View the full answer

Auditing And Assurance Services

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