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Hot Topics in the Audit Confirmation Process

Date: Wednesday, April 24, 2019
Time: 1:00 - 2:40 pm EST

Sponsored by Lorman Education Services

Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00


Gain a better understanding of audit confirmation best practices and real-life examples from an accounting and finance perspective.

This information will help you use confirmations more efficiently and effectively, including avoiding common issues that can result in peer review and enforcement findings.

Efficiency is enhanced by evaluating whether confirmations are necessary, evaluating the necessary sample size, and how the confirmations should be transmitted. Confirming other information when appropriate and validating recipients and responses can improve confirmation effectiveness.

Learning Objectives:

  • You will be able to recognize common problem areas in the audit confirmation process.
  • You will be able to discuss whether bank confirmations are necessary and how they should be transmitted.
  • You will be able to identify when receivables confirmations are required and the form of the request.
  • You will be able to review the results of confirmation testing including the need to obtain supporting documentation.
This Live Webinar Covers These Hot Issues

Continued Importance of Confirmations

  • Enforcement Findings Related to Cash and Receivable Confirmations
  • Increased Need for Direct Third-Party Evidence to Validate Electronic Source Information
  • New Ways to Transmit and Receive Confirmation

 Bank Confirmations

  • How to Determine Whether Bank Confirmations Are Necessary
  • How to Send Electronic Bank Confirmations

 Sending Receivables Confirmations

  • Identify When Confirmations Are Not Appropriate
  • How to Determine the Type(s) of Confirmations to Send
  • How to Determine the Number of Confirmations to Send
  • Evaluating Individually Significant Accounts and Whether Stratification Is Necessary
  • Addressing Client Requests Not to Send Selected Confirmations
  • Evaluate the Need to Confirm Special Terms and Other Information
  • Maintaining Control and Validating Recipients

 Evaluating Confirmation Responses

  • Determining When Alternative Procedures Are Not Necessary
  • Evaluating Whether a Confirmation May Need Additional Validation
  • Extrapolating Results

 Accounts Payable and Other Types of Confirmations

Credit Information (Sponsored by Lorman Education Services):

  • CLE
  • CPE
  • Enrolled Agents

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.


Randal J. Elder, The Bryan School

  • Professor and head of department of accounting and finance in The Bryan School of Business and Economics at the University of North Carolina at Greensboro
  • Previously accounting department chair and senior associate dean at Syracuse University Whitman School of Management
  • Public accounting experience as an audit manager at a large regional audit firm with experience with private companies and government and nonprofit audit clients
  • Chaired research synthesis on audit confirmations and audit sampling performed by the auditing section of the American Accounting Associate for the PCAOB.
  • Co-author on a leading auditing textbook, Auditing and Assurance Services: An Integrated Approach
  • Member of the AICPA and American Accounting Association
  • Ph.D. degree, Michigan State University
  • Can be contacted at 336-256-0530 or

(Not available outside the US)