![]() the letter is from the account holder (the company) requesting the bank to disclose the account information of the company to the auditor for audit purpose. It is a request for bank account information to be disclosed to auditor for audit purpose by the account holder company. Bank confirmations are requested primarily as evidence to support the existence assertion for cash in banks, although they are commonly used concurrently for other purposes (albeit less effectively), such as confirming other banking relationships including outstanding debt and covenants and contingent liabilities. evaluating the information, or lack thereof, provided by the third party about the audit objectives. ![]() ![]() obtaining the response from the third party. ![]() communicating the confirmation request to the appropriate third party. selecting items for which confirmations are to be requested. ![]()
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