37 paragraphs found
The auditor shall evaluate whether the results of the external confirmation procedures provide relevant and reliable audit evidence, or whether further audit evidence is necessary. …
… For purposes of the Australian Auditing Standards, the following terms have the meanings …
The objective of the auditor, when using external confirmation procedures, is to design and perform such procedures to obtain relevant and reliable audit …
Negative confirmations provide less persuasive audit evidence than positive confirmations. Accordingly, the auditor shall not use negative confirmation requests as the sole substantive audit procedure to address an assessed risk of material misstatement …
The design of a confirmation request may directly affect the confirmation response rate, and the reliability and the nature of the audit evidence obtained from …
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 …
External confirmation means audit evidence obtained as a direct written response to the auditor from a third party (the confirming party), in paper form, or by electronic or other …