Bank confirmations are critical to the cash audit. What information does the auditor obtain by sending bank confirmations? Explain the different types of bank confirmations and what assertions each type addresses. How do you determine which is the best bank confirmation type to use ? .

1. Bank confirmations are critical to the cash audit. What
information does the auditor obtain by sending bank
confirmations? Explain the different types of bank
confirmations and what assertions each type addresses. How do
you determine which is the best bank confirmation type to use ?