Business, 20.08.2021 03:00 thedocgalloway
The primary purpose of sending a standard confirmation request to financial institutions with which the client has done business during the year is to:.
a. Detect kiting activities that may otherwise not be discovered
b. Corroborate information regarding deposit and loan balances
c. Provide the data necessary to prepare a proof of cash
d. Request information about contingent liabilities and secured transactions
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The primary purpose of sending a standard confirmation request to financial institutions with which...
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