Question: Research PCAOB auditing standards (which can be found on the PCAOB's website - www.pcaobus.org) related to the use of confirmations and document the specific requirements
(a) Based on what you learn, provide an assessment of deficiencies in the confirmation approach Satyam's auditors took related to cash and accounts receivable.
(b) Do auditing standards require the use of confirmations in the audits of cash balances and accounts receivable balances?
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At the time of writing this case solution the PCAOB was in the process of developing a new PCAOB Auditing Standard on the confirmation process However ... View full answer
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