“By replacing a confirmation standard that had not changed significantly since faxes were a regular form of communication ... Among its key provisions, according to the PCAOB, the new standard: Audit ...

Customer confirmation, because it is from a third-party, is considered to be the strongest form of audit evidence for accounts receivable. However, the company's customers often do not return ...

According to the International Federation of Accountants, auditors should use detailed assertions to form ... An Audit Firm's Responsibility About Weaknesses in Internal Control.

Capital Confirmation Inc. has added a self-registration feature for companies and financial institutions to respond to audit confirmation requests through its Web site, Confirmation.com. Any business, ...