Obtaining confirmation
This query is : Resolved
14 July 2013
While performing company statutory audit,
should we obtain confirmations from debtors and creditors ? Is that compulsory ?
should we obtain confirmations from debtors and creditors ? Is that compulsory ?
CA Kumar Mukesh
(Expert)
14 July 2013
Its depends upon results of risk assessment procedures preformed & judgements of an Auditor, However obtaining of external confirmation is not compulsory
Its depends upon results of risk assessment procedures preformed & judgements of an Auditor, However obtaining of external confirmation is not compulsory
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