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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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 &quot;obligation&quot; 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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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 &quot;obligation&quot; 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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50205 - Accounting

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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

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Počet stran výsledku

6

Strana od-do

390-395

Název nakladatele

Jihočeská univerzita v Českých Budějovicích, Ekonomická fakulta

Místo vydání

České Budějovice

Místo konání akce

České Budějovice

Datum konání akce

2. 11. 2023

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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