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November 1991 AICPA American Institute of Certified Public Accountants The Confirmation Process Introduction and Applicability 1. This Statement provides guidance about the confirmation process in audits performed in accordance with generally accepted auditing standards. This Statement— • Defines the confirmation process ( see paragraph 4). • Discusses the relationship of confirmation procedures to the auditor's assessment of audit risk ( see paragraphs 5 through 10). • Describes certain factors that affect the reliability of confirmations ( see paragraphs 16 through 27). • Provides guidance on performing alternative procedures when responses to confirmation requests are not received ( see paragraphs 31 and 32). • Provides guidance on evaluating the results of confirmation procedures ( see paragraph 33). • Specifically addresses the confirmation of accounts receivable and supersedes paragraphs 3 through 8 of Statement on Auditing Standards ( SAS) No. 1, Codification of Auditing Standards and Procedures ( AICPA, Professional Standards, vol. 1, AU sec. 331.03-. 08), and the portion of paragraph 1 of AU section 331 that addresses the confirmation of receivables ( see paragraphs 34 and Copyright © 1991 by the American Institute of Certified Public Accountants, Inc. 1211 Avenue of the Americas, New York, N. Y. 10036- 8775 1234567890 AudS 998765432 1 Statement on Auditing Standards Issued by the Auditing Standards Board 67
Object Description
statement number | Statement on auditing standards, 067 |
Title | Confirmation process |
Author | American Institute of Certified Public Accountants. Auditing Standards Board |
Subject |
Auditing -- Standards -- United States Corporations -- United States -- Auditing |
Coverage-Spatial | United States |
Date-Issued | 1991 |
abstract | This Statement provides guidance about the confirmation process in audits performed in accordance with generally accepted auditing standards. |
Series | Statement on auditing standards; 67 |
Series2 | Auditing Standards, full-text |
Source | Originally published by: American Institute of Certified Public Accountants |
Rights | Copyright and permission to reprint held by: American Institute of Certified Public Accountants |
Format | PDF page image with corrected OCR scanned at 300 dpi (608 KB) |
Type | Text |
Language | eng |
Identifier | http://umiss.lib.olemiss.edu:82/record=b1038090 |
Date-Digitally Created | 2009 |
Digital Publisher | University of Mississippi Library. Accounting Collection |