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    Question

    Which balance is least suited to positive

    confirmation?
    A Reinsurance receivables Correct Answer Incorrect Answer
    B Bank balances Correct Answer Incorrect Answer
    C Fixed asset additions Correct Answer Incorrect Answer
    D Premium debtors from corporate clients Correct Answer Incorrect Answer
    E Investments with custodians Correct Answer Incorrect Answer

    Solution

    Fixed asset additions are better audited via inspection and documentation than confirmations.

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