Replies Flashcards
1
Q
How should replies be returned?
A
Directly to auditors and auditors should check that bank’s response covers all the information requested
2
Q
How may difficulty may be encountered?
A
In obtaining a satisfactory response even where client company submits information for confirmation to the confirming bank
3
Q
What is significant (confirmation)
A
That a response is sought for all confirmation requests
4
Q
What should auditors not request?
A
A response only if the information submitted is incorrect or incomplete
