- 10 Marks
AA – L2 – Q41 – Audit Evidence
List four examples of external confirmations and explain one supported and one unsupported audit assertion for each.
Question
ISA 500 Audit Evidence identifies seven main testing procedures. One of these is external confirmation.
Required:
(a) List FOUR examples of external confirmations.
(2 marks)
(b) For EACH of the examples in (a) above explain:
- ONE audit assertion that the external confirmation supports, and
- ONE audit assertion that the external confirmation does NOT support.
(8 marks)
(Total: 10 marks)
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