The primary assertion being addressed by sending bank confirmation isSelect one:a.classificationb.completenessc.existenced.rights and obligation

To determine the primary assertion being addressed by sending bank confirmations in an audit context, we can analyze the possible options.

1. Definition of Bank Confirmations: Bank confirmations are a direct communication between the auditor and the bank, requesting details about the client's account balances, loans, and other relevant information. This method is used to verify amounts presented in the financial statements.

2. Evaluation of Options:

   • a. Classification: This assertion pertains to ensuring that assets and liabilities are recorded in the correct accounts. Bank confirmations do not primarily address this.
   • b. Completeness: This assertion focuses on whether all necessary transactions and accounts have been recorded. While bank confirmations can support completeness, their primary purpose is not to ensure that no transactions are missing.
   • c. Existence: This assertion is about verifying that the assets or liabilities reflected in the financial statements actually exist. Since bank confirmations directly verify account balances with the bank, this is highly relevant.
   • d. Rights and Obligation: This assertion relates to whether the company has rights to the recorded assets and obligations for recorded liabilities. While not directly addressed, bank confirmations can indirectly support this claim.

3. Conclusion: The primary assertion addressed by sending bank confirmations is existence, as it confirms that the balances and amounts reported in the financial statements exist in the bank’s records.

Final Answer

The primary assertion being addressed by sending bank confirmations is c. existence.