Which of the following is the most reliable source for verification of the current year end bank balances?

As part of internal audit’s assistance with an annual external audit, the internal auditors are required to do a preliminary analytical review of an bank account balances. This involves verifying the current year end balances as web as comparing the current year end balances with previous year end balances to highlight significant changes.

Which of the following is the most reliable source for verification of the current year end bank balances?
A . Bank confirmations
B. Internal bonk statements
C. Bank reconciliations as of the end of the year
D. Bank account general ledger balancer as of the end of the year

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Answer: A