ISA 505 – External conformations

 ISA 505 deals with the auditor’s use of external confirmation procedures to obtain audit evidence as a direct written response to the auditor from a third party (the confirming party), in paper form, or by electronic or other medium.

The ISA defines the external confirmation procedures, the auditor action in the case of management’s refusal to allow the auditor to send a confirmation request, possible results of the external conformation procedure and process of evaluation of the evidence obtained.

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