Audit Confirmation

Audit Confirmation

Professional Development

10 Qs

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Audit Confirmation

Audit Confirmation

Assessment

Quiz

Other

Professional Development

Practice Problem

Medium

Created by

Ivy Tan

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Audit Confirmation request is sent to the Bank by

the president

the CEO

the Auditor

MAS

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Audit Reply is a Bank's confirmation on outstanding balance of the company's account at end of

the Accounting Financial Year

the business month

the working day

the loan term

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which department in the Bank processes the audit confirmation?

BBCSC

Account Services

Remittance

Human Resource

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Audit Fee is S$55 per request.

True

False

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Audit Confirmation Report can be sent via secured email (voltage) to the auditor.

True

False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Company name and account number provided are NOT as per bank's record will result in a delay in Audit Confirmation report.

True

False

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How long does it take for the Bank to process the Audit Confirmtion report?

7 business days

21 business days

14 business days

3 business days

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