External confirmation – the means to obtain audit evidence in audit procedures

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F23%3A43907029" target="_blank" >RIV/60076658:12510/23:43907029 - isvavai.cz</a>
Result on the web
<a href="https://omp.ef.jcu.cz/index.php/EF/catalog/book/88" target="_blank" >https://omp.ef.jcu.cz/index.php/EF/catalog/book/88</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.32725/978-80-7694-053-6.60" target="_blank" >10.32725/978-80-7694-053-6.60</a>

Result language
angličtina
Original language name
External confirmation – the means to obtain audit evidence in audit procedures
Original language description
Few information systems can generate the documents necessary to reconcile the balances of the receivables and the liabilities. For these purposes, the external confirmation method is suitable, which can be used voluntarily by the accounting units within the framework of the inventorying of the receivables and the liabilities, and by the auditors when auditing the financial statements. The external confirmation, as one of the audit procedures, is the most effective way of the verifying the account balances correctness, the contractual terms, the contracts, or the transactions, for the reason that audit evidence is obtained from independent sources outside the accounting unit. The paper presents the external confirmation and offers the solutions in the problematic areas, such as the "obligation" to send the external confirmation, unreceived response from the confirmation letters, the choice of the sample unit, the question of the prefilling the confirmed amount, the reliability of audit evidence obtained from the confirmation letters, or possible reasons of the unsent external confirmation, etc.
Czech name
—
Czech description
—

Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 17th International Scientific Conference:Challenges and Opportunities in the Digital World.
ISBN
978-80-7694-053-6
ISSN
2336-6788
e-ISSN
—
Number of pages
6
Pages from-to
390-395
Publisher name
Jihočeská univerzita v Českých Budějovicích, Ekonomická fakulta
Place of publication
České Budějovice
Event location
České Budějovice
Event date
Nov 2, 2023
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—

Similar results(10)