Question: (LO 8) Refer to the Auditing Standards Exhibit inside the front cover of this textbook. Identify the relevant auditing standards (PCAOB, AICPA, and IAASB) relating

(LO 8) Refer to the Auditing Standards Exhibit inside the front cover of this textbook. Identify the relevant auditing standards (PCAOB, AICPA, and IAASB) relating to external confirmations. Locate the standards on each organizations website.

BELOW ARE THE STANDARDS, YOU DO NOT NEED ANY MORE INFORMATION!!! LOOK UP ON THEIR SITES

The relevant standards are: AS 2310, AU-C 505, and ISA 505.

1. What generalizations are applicable to audit evidence with respect to confirmations?

2. What do the standards direct the auditor to do if management refuses to allow the auditor to send a confirmation request?

3. Comment on similarities or substantive differences between the standards for each standard-setting body.

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