ISA 505 External Confirmations

ISA 505 External Confirmations

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.

ee also

* Positive external confirmation
* Negative external confirmation
* Accounts receivable
* Accounts payable
* Consignment


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  • International Standards on Auditing — (ISA) are professional standards for the performance of financial audit of financial information. These standards are issued by International Federation of Accountants. List of the Standards (ISAs)Respective responsibilities*ISA 200 Objective and …   Wikipedia

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