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11+ Audit Confirmation Templates in MS Word | Excel | PDF

The audit confirmation includes the balance due by the client or owed to the supplier on the audit client’s balance sheet date. The client or supplier can verify, partly confirm or reject the balance by signing the letter and giving it back to the accounting firm in a self-addressed return envelope. Have a look at the audit confirmation templates provided down below and choose the one that best fits your purpose.

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11+ Audit Confirmation Templates in DOC | Excel | PDF

1. Audit Confirmation Letter

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Size: 104.6 KB

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2. Audit Confirmation Template

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Size: 80.8 KB

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3. Audit Confirmation Request Form

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  • Excel

Size: 3.9 KB

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4. Audit Confirmation Letter Process

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  • PDF

Size: 70.1 KB

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5. Group Meeting Agenda Audit Confirmation

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Size: 52.5 KB

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6. Electronic Audit Confirmation Template

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Size: 72.7 KB

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7. External Audit Confirmation Template

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  • PDF

Size: 112.5 KB

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8. Frequently Asked Question Audit Confirmation Report

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  • PDF

Size: 115.2 KB

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9. Audit Confirmation Process

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  • PDF

Size: 58.7 KB

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10. Audit Confirmation Request

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Size: 69.6 KB

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11. Audit Confirmation Letter in PDF

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  • PDF

Size: 26.0 KB

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12. End of Audit Confirmation Independence Letter

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  • PDF

Size: 321.2 KB

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What is Positive and Negative Confirmation in Auditing?

A positive confirmation is an interrogation made by an auditor to a third party that needs a response. A positive confirmation is deemed to signify a higher quality of proof than a negative approval since the auditor obtains explicit proof from the third party.

What are the Steps to the Traditional Audit Confirmation Methods?

The standard audit confirmation method includes multiple manual actions and normally requires the following five steps:

1.    The audit customer gives the accounting firm exportation of their consumers and suppliers including the accounts receivable and payable balances from their accounting method. It is imperative that the accounting firm get accurate accounts receivable and payable data from the audit customer’s documents.

2.       The accounting firm chooses a representative sampling from the audit client’s export and produces the audit confirmations with the guidance of the mail merge features standard in different word processing devices. The resulting audit confirmations include as a least the client or supplier, the amount in question, the balance sheet date and a confirmation request.

3.       The accounting firm sends the audit confirmations to the audit client’s consumers and suppliers both by post or electronically as an e-mail attachment.

4.       It is responded by the audit client’s consumers and suppliers back to the audit confirmation by utilizing a self-addressed and imprinted envelope or by returning the individual email sent by the accounting firm. This step can usually need various manual reminders in order to obtain an acceptable response rate.

5.       The accounting firm records the answers separately as they come in and forms the final audit evidence for the accounting sector. The accounting firm most frequently registers the audit confirmations manually, which raises the risk for data entry mistakes particularly when trading with various currencies and many customers and suppliers.

What is a Positive Confirmation Request?

Positive confirmation is an auditing interrogation that needs the client to answer, authenticating the truth of an item. Positive confirmation needs proof of accuracy by asserting that the original data was correct or by giving the correct data if it is incorrect.

What is Negative Confirmation?

A negative confirmation is a document issued by an auditor to the consumers of a client organization. The letter asks the consumers to answer to the auditor only if they find a disparity between their records and the data about the consumer organization’s financial records that are provided by the auditor.

What is External Confirmation in Auditing?

An external confirmation is audit-proof gathered as a direct written acknowledgment to the auditor from a third party or the confirming party, in paper form, or through electronic or any other medium. Requesting external confirmations is a regularly used audit method in an audit of financial statements.

What is an Audit Inquiry?

Inquiry consists of soliciting data of educated persons, both financial and nonfinancial, inside or outside the entity. The inquiry is an audit procedure that is used broadly throughout the audit and frequently is equivalent to performing other audit methods.

What is an Audit Procedure?

Audit procedures are the methods and processes that auditors conduct to gather audit evidence which permits them to make a conclusion on the set audit purpose and represent their opinion.

What are the Goals of the Audit?

The main goals of auditing are also known as the primary objectives of auditing.
  1. Investigating the inner system.
  2. Verifying the authenticity and efficacy of transactions that are done.
  3. Analyzing arithmetical exactness of books of accounts, casting, balancing, etc.
  4. Establishing the present value of assets and obligations.

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