Direct written confirmation obtained by auditors directly from external third parties (e.g., banks, customers) provides evidence primarily regarding which assertion?

Explanation

Core Concept: External confirmations (e.g., bank confirmations, accounts receivable confirmations) supply strong, independent evidence verifying the Existence of assets and Rights/Obligations. Context/Distractors: External confirmation comes directly from independent outside parties, making it highly reliable audit evidence. Exam Tip/Key Fact: Positive confirmations require a response regardless of agreement, whereas negative confirmations request a response only if there is disagreement.