Q:

Explain why the standard bank confirmation form does not identify all information about an entity\'s bank accounts or loans

belongs to book: AUDITING & ASSURANCE SERVICES | A Systematic Approach|William F.Messier, Steven M.Glover, Douglas F. Prawitt|10th Edition| Chapter number:16| Question number:16.8

Ibrahimhamm

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2022-07-02

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Ibrahimhamm

2022-07-02

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The standard bank confirmation form does not identify all information about an entity's bank deposits or loans because it does not require bank personnel to conduct a comprehensive, detailed search of the bank's records beyond the account information requested on the confirmation.

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