WebMay 16, 2024 · 3. External confirmation. An external confirmation is a written response obtained directly by the auditor from a third party. It is commonly used to: Confirm the … WebExternal confirmation is the process of obtaining and evaluating audit evidence through a direct communication from a third party in response to a request for information about a particular item affecting assertions made by management in the financial statements. b. External confirmation of an account receivable provides strong evidence ...
INTERNATIONAL STANDARD ON AUDITING 505 EXTERNAL …
WebWhich of the following are factors to consider when designing external confirmation requests? 1. The entity's measurement and analysis of its financial performance. II. Management's suggestions about who confirmations should be sent to. III. Layout and presentation of the confirmation request. IV. WebMay 5, 2024 · External Confirmation is a substantive procedure used to obtain audit evidence. SA-505 deals with the auditor’s use of external confirmation procedures to … the voice usa 2022 morgan myles
ARTICLE ON SA-505 EXTERNAL CONFIRMATIONS
WebAudit procedures: Analytical procedure, External confirmation, inquiry, inspection of records or documents, Inspection of During year 1 audit of Cellening Co., the auditor performed various procedures relating to inventory. Match each of the following procedures with the description. WebScientist with marked trajectory in the clinical area of Human Health. Administration and management of quality standards and biosafety. Biotechnological experience in the industrial area. Good leadership and ease team work. Concerned to achieve a pleasant work environment. Quick adaptability to new working conditions and creative … WebJan 25, 2024 · MEANING: External Confirmation means Audit Evidence obtained as a direct written response to the auditor from a third party (the confirming party), in paper … the voice usa 2019