Confirmations

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August 25, 2024 3 min read Definitions

Confirmation Positive: Assurance through Direct Inquiry

Auditing Accounting Audits Confirmations Financial Accuracy Verification Accounting

A definitive written or oral request by the auditor of a party having financial dealings with the client about the accuracy of an item. A response is required regardless of whether the particular item is correct or incorrect. It is typically used to validate account balances and transactions.

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