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Standard Form to Confirm Account Balance Information with Financial Institutions

Standard Form to Confirm Account Balance Information with Financial Institutions

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the reconciliation you want to make sure it's correct and accurate and then trace that amount back to the trial balance to ensure that the trial balance includes the correct amount so that's that's the audit of cash as I said confirmations are now done electronically and as pointed out most banks especially the major banks they won't even confirm they're not even going to look at a paper confirmation they won't even respond to it and they tell their customers that we only do electronic confirmations and so but in any event the auditor has to control it whether it's electronic or whether it's a paper right so what are some of the what some of the pros and cons of an electronic confirmation let's start with the pros what's good about electronic confirmations either mmm-hmm right so I think what Ricardo is trying to say is that when there are electronic confirmations you know it's going to the bank right you know it's going to a debt because most and setting up these electronic confirmati

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