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Getting evidence from ext. sources

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Getting evidence from ext. sources

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by Ken Garrett.
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  • February 27, 2017 at 2:33 pm #374558
    saqlainrattansi
    Member
    • Topics: 93
    • Replies: 98
    • ☆☆

    I just wanted to clarify if the following is the case

    When sending out a bank confirmation letter, the letter must be written on the auditors headed paper right?

    However, when sending a receivables circularisation,the auditor will use the clients headed paper right?

    Just wanted confirmation if these are correct.

    February 27, 2017 at 3:26 pm #374579
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10606
    • ☆☆☆☆☆

    That’s right.

    The bank has permanent authorisation from the client to supply auditors with information. Customers do not have permanent authorisation (they keep changing anyhow) and probably wouldn’t/couldn’t cope with the admin.

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