Question 1 (4 points) Which of the following statements about confirming accounts receivable and accounts payable is true? Positive and negative confirmations are used to audit both accounts receivable and accounts payable. Both accounts receivable and accounts payable are always confirmed regardless of the materiality of the account balance. Confirming both accounts receivable and accounts payable is required by auditing standards. Accounts receivable confirmations are more likely to include an amount than are accounts payable confirmations due to different incentives for accuracy between the parties