Audit CONFIRMATIONS - ISA/ASA505 - and are they worth using?

Confirmations have their unique uses. I review the standard advising auditors what to consider when using confirmations as a form of evidence.

Warning - a longer video as I discuss the disadvantages of using confirmations and delve into the issue quite deeply.

My ultimate audit video study guide is available here
https://amandalovestoaudit.com/learni...

If you have questions about ASA/ISA 505, add them in the comments below.

Find ASA 505 here http://www.auasb.gov.au/Pronouncement...

#StandardsExplained #AuditEvidence #Confirmations #ISA505 #ASA505 #ILoveAudit #Auditing

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