IAASB staff alert on audit confirmations

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04 Dec 2009

To help auditors use external confirmation procedures more effectively, the staff of the International Auditing and Assurance Standards Board (IAASB) has released Emerging Practice Issues Regarding the Use of External Confirmations in an Audit of Financial Statements.

This staff practice alert highlights areas within the International Standards on Auditing (ISAs) that are particularly relevant when deciding to request external confirmations, designing and carrying out confirmation procedures, and evaluating responses received. The alert highlights the need for auditors to pay particular attention to circumstances that may affect the planned use of confirmations, including the risk of fraud and the adequacy of evidence. Click to Download the Alert from the IAASB Website (PDF 136k).


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