ISA 505 External Confirmations
From Wikipedia, the free encyclopedia
ISA 505 External Confirmations is one of the International Standards on Auditing. It serves to require the auditor is to obtain external sources of audit evidence. The example is bank accounts balance confirmed by client's bankers.
Other examples include accounts receivable confirmation, inventory held by third parties, confirmation by solicitors and surveyors.
[edit] See also
- Positive external confirmation
- Negative external confirmation
- Accounts receivable
- Accounts payable
- Consignment
 |
This accounting-related article is a stub. You can help Wikipedia by expanding it. |
