Confirmation Flashcards Preview

5-audit evidence-concepts and standards > Confirmation > Flashcards

Flashcards in Confirmation Deck (4)
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1
Q

two types of confirmation

A

positive confirmation- requests a response wether or not the recipient agrees with the client’s balance

negative confirmation-

2
Q

positive

blank confirmation

A

may provide more assurance but has less of a response rate. it requires the recipient to fill in the blank of what he owes.

3
Q

positive

a non response requires a ______. after two failed attempts the auditor will result to _____ for non responses

A

follow up request

alternate procedures

4
Q

negative confirmation

A

requests a response from the recipient only if he disagrees. a nonresponse to a negative confirmation is looked as they agree. weaker form of evidence.