QuestionsCategory: SA-505How to Determined the Reliabilty of External Confirmation..?
Kapil AnandKapil Anand asked 6 years ago

Reliability of External Confirmation. ??

1 Answers
RaviRavi Staff answered 6 years ago

whats the doubt kapil ?
it depends on

  1. Whether external confirmation process was properly planned and executed
  2. whether confirmation came from proper third party and source (proper branch of third party anf proper authority) 
  3. communication medium used
  4. secured environment if confirmed electronically
  5. unqualified language 
  6. directly received by auditor