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Author Question: If a bank doesnotrespond to a bank confirmation request, the auditor would most likely (Read 47 times)

Gabby

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on: Aug 21, 2022

Question 1

Because cash is the most desirable asset for people to steal, it has a higher
◦ control risk.
◦ inherent risk.
◦ detection risk.
◦ liquidity risk.

Question 2

If a bank does not respond to a bank confirmation request, the auditor would most likely
◦
Perform alternative proceduresSend a second 
request		Ask the client to communicate with the bank to ask them to complete and return the confirmation
NoYesYes

◦
Perform alternative proceduresSend a second 
request		Ask the client to communicate with the bank to ask them to complete and return the confirmation
NoNoYes

◦
Perform alternative proceduresSend a second 
request		Ask the client to communicate with the bank to ask them to complete and return the confirmation
YesNoYes

◦
Perform alternative proceduresSend a second 
request		Ask the client to communicate with the bank to ask them to complete and return the confirmation
YesYesNo
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Gabby on Aug 21, 2022

butterfly17

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Gabby

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

scikid

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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