72 paragraphs found
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; …
If management refuses to allow the auditor to send a confirmation request, the auditor shall: Enquire as to management’s reasons for the refusal, and seek audit evidence as to their validity and reasonableness; (Ref: Para. A8) Evaluate the implications …
If the auditor concludes that management’s refusal to allow the auditor to send a confirmation request is unreasonable, or the auditor is unable to obtain relevant and reliable audit evidence from alternative audit procedures, the auditor shall …
If the auditor identifies factors that give rise to doubts about the reliability of the response to a confirmation request, the auditor shall obtain further audit evidence to resolve those doubts. …
Responses received electronically, for example by facsimile or electronic mail, involve risks as to reliability because proof of origin and authority of the respondent may be difficult to establish, and alterations may be difficult to detect. A process …
If a confirming party uses a third party to coordinate and provide responses to confirmation requests, the auditor may perform procedures to address the risks that: The response may not be from the proper source; A respondent may not be authorised to …
The auditor is required by ASA 500 to determine whether to modify or add procedures to resolve doubts over the reliability of information to be used as audit evidence. [17] The auditor may choose to verify the source and contents of a response to a …
On its own, an oral response to a confirmation request does not meet the definition of an external confirmation because it is not a direct written response to the auditor. However, upon obtaining an oral response to a confirmation request, the auditor …
A response to a confirmation request may contain restrictive language regarding its use. Such restrictions do not necessarily invalidate the reliability of the response as audit …
The auditor’s evaluation, when taken into account with other audit procedures the auditor may have performed, may assist the auditor in concluding whether sufficient appropriate audit evidence has been obtained or whether further audit evidence is …