• For each of the following items, determine whether the information is typicall

Question

•   For each of the following items, determine whether the information is typically included on a Standard Form for a positive Confirmation of Account Balance information sent by the auditor to customers that a client has done business with during the year (example of a confirmation form is in your textbook in Chapter 11).

Item                       Included    Not included

1.   A place for the signature of the auditor       ______       ______

2.   The following (or similar) statement: “Please

use the enclosed envelope to return the form

directly to the auditor.”               ______       ______

3.   A statement on the form that requests the

customer to be alert for any fraudulent

transactions.                   ______       ______

4.   An area on the form for the customer to

list any exceptions.               ______       ______

5.   An area on the form for the customer balance

to be placed.                   ______       ______

6.   The following statement: “Although we do

not request nor expect you to conduct a

comprehensive, detailed search…”       ______       ______

7.   A statement on the form that requests the

customer to keep the information confidential.   ______       ______

8.   A place for the signature of the customer.   ______       ______

Explanation / Answer

1 - Not included

2 - Included

3- Not included

4- Not included

5- Included

6- Included

7- Included

8- Included

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