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Financial Audit - Confirmation Letter
Rating: 4.7 out of 5(2 ratings)
347 students

Financial Audit - Confirmation Letter

Learn HAW to select the subjects to whom send confirmation letter for the audit of financial statements
Created byMk HAW
Last updated 3/2020
English
English [Auto],

What you'll learn

  • Learn HAW to select the subjects to whom send confirmation letter for the audit of financial statements
  • Learn to select the customers, suppliers, agents, related parties and external warehouse to whom send confirmation letter
  • Learn to select the legal advisor, tax consultant, actuary and labor consultant to whom send confirmation letter
  • Learn to select the bank, financial institutions, factor, leasing and insurance company to whom send confirmation letter

Course content

1 section • 7 lectures • 1h 26m total length

  • Confirmation letter - Overview * n. 5.18:39

    The lecture overviews the use of confirmation letters in audits, detailing how auditors obtain third-party feedback on balances and transactions for accounts like receivable, payable, cash, revenue, and assets.

  • Confirmation letter - Customers - Receivables & Revenue * n. 5.212:59

    Select customers for accounts receivable confirmations to test revenue existence and accuracy using risk-based audit procedures. Include aging and net receivables details and consider intercompany and related-party factors.

  • Confirmation letter - Suppliers & Agents - Payables & Costs * n. 5.313:06
  • Confirmation letter - Financial - Bank, Derivatives, Factor, Leasing * n. 5.420:34

    Learn how to prepare and request confirmation letters for banks, derivatives, factoring, and leasing, including selecting the subject, updating balances, and verifying completeness during the interim and final audit phases.

  • Confirmation letter - Legal, Tax, Actuary & Labor Consultant * n. 5.514:45

    Learn how to prepare and use confirmation letters for legal, tax, actuary, and labor consultants within audit procedures; verify balances, liabilities, costs, and provider information to ensure reliable third-party confirmations.

  • Confirmation letter - Inventory - External Warehouses * n. 5.66:45

    Learn to issue inventory confirmation letters for external warehouses, obtain quantity feedback, reconcile unit measures and values with records, and assess service organization to support audit conclusions.

  • Confirmation letter - Intercompany & Related Parties * n. 5.79:49

    Learn how to select intercompany and related party recipients for confirmation letters, and perform balance inquiries on assets, liabilities, revenue, and costs through interim or year-end audit procedures.

Requirements

  • No particular advanced knowledge required even if a basic knowledge of accounting and audit could improve the learning experience
  • Each course can be taken individually.
  • Learning also from the others 10 HAW - How Audit Work courses available in Udemy, provide a complete understanding of the Financial Statement Audit process.

Description

The Financial Statements Audit - Confirmation Letter course teach how to select the following subjects to whom send confirmation letter:

-  Customer

-  Supplier and Agents

-  Related Parties

-  Legal advisor

-  Tax consultant

-  Actuary

-  Labor Consultant

-  External Warehouse

-  Bank and Financial institutions

-  Factor

-  Leasing

-  Insurance company


The course is presented by the founder of HAW - How Audit Work that is an organization that provide audit related service, including teaching. The founder, Mk, is an auditor with soon 10 years audit experience in different countries (as US, UK, Netherlands and Italy) always working in Big4 audit firms.


Contact us by email, Facebook, LinkedIn or Youtube to know about the available multi-course promotions.


List of HAW - How Audit Work courses available:

1   -  Audit Planning

2   -  Accounting Procedures & Internal Controls

3   -  Confirmation Letter

4   -  Audit test - Non-curent Assets

5   -  Audit Test - Current Assets

6   -  Audit Test - Equity & Liabilities

7   -  Audit Test - Income Statement

8   -  Audit Test - All Others

9   -  Audit Operative Overview

10 -  Audit High Level Overview

11 -  Audit Summary

12 -  Audit Insight - Become & Evolve to be a Top Auditor - FREE

13 -  Audit Insight - Career & Lifestyle of Auditors - FREE

14 -  Audit Insight - Audit Perception & Career After Audit - FREE


Don't fall behind the best version of yourself and improve now your Audit skills !

"Just focus, learn & do it!" 

- Mk -

Who this course is for:

  • Student that want to understand what is the audit of financial statements and learn how to audit
  • Beginner and experienced auditor that need operative knowledge to perform an audit planning
  • Anyone that is interested to know what is an audit of the financial statements and what auditors do

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