Audit CONFIRMATIONS - ISA/ASA505 - and are they worth using?

Confirmations have their unique uses. I review the standard advising auditors what to consider when using confirmations as a form of evidence. Warning - a longer video as I discuss the disadvantages of using confirmations and delve into the issue quite deeply. My ultimate audit video study guide is available here https://amandalovestoaudit.com/learning-resources/audit-study-guide/ If you have questions about ASA/ISA 505, add them in the comments below. Find ASA 505 here http://www.auasb.gov.au/Pronouncements/Australian-Auditing-Standards.aspx #StandardsExplained #AuditEvidence #Confirmations #ISA505 #ASA505 #ILoveAudit #Auditing Subscribe to watch more auditing videos! https://www.youtube.com/user/AmandaLovesToAudit Catch me on social media! https://www.facebook.com/amandalovestoaudit/ https://www.twitter.com/amandasaudit http://instagram.com/amandalovestoaudit Mic - Rode SmartLav+ Explain Everything iPad app LumaFusion iPad app