57 appendixisa 505 confirmations audit evidence
{"Image DocumentName": "Appendix:ISA 505 \u2013 Confirmations", "Image ImageDescription": "Audit evidence provided by original documents is more reliable than audit evidence provided by photocopies or facsimiles. External confirmation is the process of obtaining and evaluating audit evidence through a representation of information or an existing condition directly from a third party in response to a request for information about a particular item affecting assertions in the financial statements or related disclosures. External confirmations are frequently used in relation to account balances and their components, but need not be restricted to these items. The following are examples of situations where external confirmations may be used include the following: Bank balances and other information from bankers. Accounts receivable balances. Stocks held by third parties at bonded warehouses for processing or on consignment. Property title deeds held by lawyers or financiers for safe. Nov 2, 2015.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}