When sending out bank confirmation requests, which of the following statements is FALSE? A: The...
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When sending out bank confirmation requests, which of the following statements is FALSE? A: The client's authorised signature guarantees that the information in the bank confirmation request letter is accurate and complete. B: Confirmation requests need to be sent to the correct financial institutions to ensure that they receive our request and can respond in a timely manner. C: Confirmation requests would include the contact information of the engagement teamfor returned confirmations. D: Responsibility and control of the bank confirmation requests must stay with the auditor rather than the client at all times.
When sending out bank confirmation requests, which of the following statements is FALSE?
A: The client's authorised signature guarantees that the information in the bank confirmation request letter is accurate and complete.
B: Confirmation requests need to be sent to the correct financial institutions to ensure that they receive our request and can respond in a timely manner.
C: Confirmation requests would include the contact information of the engagement teamfor returned confirmations.
D: Responsibility and control of the bank confirmation requests must stay with the auditor rather than the client at all times.
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