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    Cash & account receivable confirmations: auditing standards

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    Is the confirmation of cash and account receivable required according to auditing standards? Explain.

    © BrainMass Inc. brainmass.com June 4, 2020, 2:39 am ad1c9bdddf
    https://brainmass.com/business/external-auditing/cash-account-receivable-confirmations-auditing-standards-471714

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    Confirmations are one of the basic building blocks of auditing. Evidence obtained from external parties, especially knowledgeable ones, is the highest quality evidence. As such, confirmations are presumed to be part of the auditing process.

    As stated in AU 330.34 (attached), indicate ...

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    Your tutorial is 166 words plus a reference (auditing standard is attached).

    $2.19

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