negative external confirmation

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Negative external confirmation – meaning

Negative external confirmation request: a request that the confirming party responds directly to the auditor only if the confirming party disagrees with the information provided in the request.

A negative confirmation request asks the respondent to reply only in the event of disagreement with the information provided

Negative confirmation requests are expected to provide less reliable audit evidence than the … Read the rest

The process of obtaining external confirmation.

ISA 505 “External Confirmation” deals with the auditor’s use of external confirmation procedures to obtain audit evidence.
ISA 505 defined external confirmation as audit evidence obtained as a direct written response to the auditor from a third party (the confirming party). In paper form or by electronic or other media.

Process of obtaining external conformation:

  • Determining the information to be
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