Without proper approval from client, the client may not respond to the request as it contains the client’s information. Prepare and Approved by client’s authorized person: Bank confirmation must be signed by the authorize person (client) in order to prove that the owner approved on such confidential information. Bank confirmation also helps auditor to confirm the ownership of the bank account as well. Auditors receive bank confirmation directly from the bank, so it will increase the quality of documentation.Īuditor is very concerned about the bank balance if it is reflected with the bank reconciliation and the balance on the balance sheet. It is the most reliable audit documents as it is prepared by reputable third parties if compare to other documents provided by the client. Auditor simply sends a letter request for the client’s bank information such as balance, interest and so on. Bank Confirmation is the audit procedure perform by the external auditor to test cash balance at bank.
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