External confirmation
External confirmation is the process of obtaining and evaluating audit evidence through a representation directly from a third party, in response to a request from the auditor for information about a particular item [IAAS,р.62].
External confirmation is audit evidence obtained as a direct written response to the auditor from a third party (the confirming party), in paper form, or by electronic or other medium. In deciding to what extent to use external confirmations the auditor considers the materiality of the account, the assessment of risk of material misstatement in the account, and the effectiveness of external confirmations as an audit proce-dure [Crous,р.310].
IAASB. (2020). Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements. United States: International Federation of Accountants.
Crous, C., Lamprecht, J., Eilifsen, A., Glover, S., Prawitt, D. (2012). Auditing and Assurance Services. United States: McGraw-Hill Education.