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ASA 505 - External Confirmations - October 2009
External Confirmation ProceduresExternal Confirmation Procedures
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External Confirmation Procedures
- When using external confirmation procedures, the auditor shall maintain control over external confirmation requests, including:
- Determining the information to be confirmed or requested; (Ref: Para. A1)
- Selecting the appropriate confirming party; (Ref: Para. A2)
- Designing the confirmation requests, including determining that requests are properly addressed and contain return information for responses to be sent directly to the auditor; and (Ref: Para. A3-A6)
- Sending the requests, including follow-up requests when applicable, to the confirming party. (Ref: Para. A7)