📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      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.

      Practice Next
      More Auditing Questions
      ask-question