It is appropriate to regard confirmations mailed but not returned by customers as significant audit evidence.

Question

Quizplus · Accepted Answer

Confirmations mailed but not returned by customers are considered as unreliable audit evidence as they do not provide any evidence of the confirmation's accuracy. As a result, auditors may need to follow up with the customers who did not respond to the confirmation or use alternative audit procedures to obtain sufficient and appropriate audit evidence.

It Is Appropriate to Regard Confirmations Mailed but Not Returned