Enforcement release evidence on the audit confirmation process: Implications for standard setters

Diane Janvrin, Paul Caster and Randy Elder

Research in Accounting Regulation, 2010, vol. 22, issue 1, 1-17

Abstract: The audit confirmation process involves obtaining evidence from third parties about information affecting financial statement assertions. Recently, the confirmation process has drawn the attention of both regulators and practitioners (AICPA, 2007a; IFAC, 2006, 2008; PCAOB, 2004) due to questions regarding whether this widely used audit procedure provides persuasive audit evidence. This paper examines confirmation-related evidence from relevant Security and Exchange Commission (SEC) Accounting and Auditing Enforcement Releases (AAERs).

Keywords: Audit confirmations; Audit evidence; Confirmation reliability; AAER evidence (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reacre:v:22:y:2010:i:1:p:1-17

DOI: 10.1016/j.racreg.2010.02.002

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