Arbitration may be ________

Accounts payable (A/P) confirmations are generally used less frequently than accounts receivable confirmations since

A) other procedures such as the search for unrecorded liabilities are generally very effective B) A/P confirmations generally have lower response rates than account receivables confirmations C) A/P confirmations do not address the existence assertion D) A/P confirmations do not address specific audit assertions

When choosing among health insurance plans, you should seriously consider only those that have adequate

A) policy limits and major medical coverage. B) basic health care coverage. C) dental coverage. D) surgical care coverage.