confirmation forms

What Is A Confirmation Audit?

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What Is A Confirmation Audit? What is a Confirmation in Auditing? A confirmation is a letter sent by an outside auditor to the suppliers and customers of a client, asking them to verify the payable and receivable balances associated with them in the client’s financial records. What are the types of audit confirmations? The three

What Is A Confirmation Request?

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What Is A Confirmation Request? Confirmation is the process of obtaining and evaluating a direct communication from a third party in response to a request for information about a particular item affecting financial statement assertions. The process includes— Selecting items for which confirmations are to be requested. What is a positive confirmation request? (b) Positive