Page 201 - Auditing Standards

As of December 15, 2017

AS 2310: The Confirmation Process

Guidance on AS 2310: Staff Audit Practice Alert No. 8

Summary Table of Contents

.01 Introduction and Applicability

.04 Definition of the Confirmation Process

.05 Relationship of Confirmation Procedures to the Auditor's Assessment of Audit Risk

.15 The Confirmation Process

.31 Alternative Procedures

.33 Evaluating the Results of Confirmation Procedures

.34 Confirmation of Accounts Receivable

.36 Effective Date

Introduction and Applicability

.01 This section provides guidance about the confirmation process in audits performed in accordance with
the standards of the PCAOB. This section—

Defines the confirmation process (see paragraph .04).

Discusses the relationship of confirmation procedures to the auditor's assessment of audit risk (see
paragraphs .05 through .10).

Describes certain factors that affect the reliability of confirmations (see paragraphs .16 through .27).

Provides guidance on performing alternative procedures when responses to confirmation requests

are not received (see paragraphs .31 and .32).

Provides guidance on evaluating the results of confirmation procedures (see paragraph .33).

Specifically addresses the confirmation of accounts receivable and supersedes paragraphs .03-.08

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