does a confirmation assure that the account will be collected 620635
Aug 30, 2021 | Uncategorized
Nothing has changed with regard to the 20X5 report.
Only managers or partners performing nonattest services for an attest client may become covered members.
The auditor wants to see the effects of the controls on the transactions.
Think of procedures that are likely to provide additional evidence relating to the financial statements being reported upon.
Does a confirmation assure that the account will be collected?
A report may ordinarily be on two of these—but one of them is always present.
Confirmation with outside parties is not required.
Which situation is most likely to result in a report that only management will use?
Compilations do not provide assurance.
Inquiries are general in nature.
