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Describes a negative confirmation request

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Reference no: EM132753047

Problem 1: In relation to ISA 505 "external confirmations", which of the following best describes a negative confirmation request in respect of the audit of receivables?

Option 1: A request that the confirming party responds the auditor with the correct balance, not having been given a balance to confirm.

Option 2: A request that the confirming party responds to the auditor to confirm that a given balance is correct.

Option 3: A request that the confirming party responds to the auditor only

Reference no: EM132753047

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