External confirmation is kind of audit evidence. This is obtained by the auditors from third party to confirm the balances or transactions. An external confirmation can be either positive or negative confirmation. To indicate: The reason that the bank confirmation does not identify all bank accounts or loans of the entity.

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Chapter 16, Problem 16.4RQ

To determine

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External confirmation is kind of audit evidence. This is obtained by the auditors from third party to confirm the balances or transactions. An external confirmation can be either positive or negative confirmation.

To indicate: The reason that the bank confirmation does not identify all bank accounts or loans of the entity.

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