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DEPARTMENT OF HEALTH SERVICES Division of Enterprise Services F80479 (01/2013)STATE OF WISCONSINAUDIT CONFIRMATION REQUEST At the request of CPA firms, the Department of Health Services will provide

How to fill out audit confirmation request

How to fill out an audit confirmation request?

1. Start by gathering all the necessary information and documents related to the audit. This may include financial statements, account balances, and other relevant records.
2. Carefully review the audit confirmation request form provided by the auditing firm. It will typically ask for specific details such as the name of the entity being audited, the period covered by the audit, and any specific accounts or transactions to be confirmed.
3. Fill out the requested information accurately and completely. Double-check all the details to ensure there are no errors or missing information.
4. If the audit confirmation request form requires additional supporting documentation, make sure to provide it. This may include copies of invoices, contracts, or any other relevant paperwork.
5. If there are any questions or uncertainties about the audit confirmation request, reach out to the auditing firm for clarification. It is better to seek clarification beforehand rather than providing incorrect or incomplete information.

Who needs an audit confirmation request?

1. Businesses undergoing a financial audit: Audit confirmation requests are typically sent by external auditors to businesses that are being audited. This could include publicly traded companies, private corporations, nonprofit organizations, or government entities.
2. Auditing firms: Audit confirmation requests are also used by auditing firms themselves when they are conducting an audit on behalf of their clients. These requests are often sent to third parties such as banks, customers, suppliers, or legal counsel to verify information provided by the audited entity.
3. Regulatory bodies: In certain cases, regulatory bodies may require auditors to obtain confirmation from third parties to ensure compliance with specific regulations or standards. This helps maintain transparency and accountability in the auditing process.

Conclusion: Filling out an audit confirmation request accurately and completely is crucial for the audit process. It helps establish the accuracy and validity of financial information, ensuring the audit results are reliable.

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What is audit confirmation request?

An audit confirmation request is a formal request sent to a third party to confirm the details of a specific transaction or account.

Who is required to file audit confirmation request?

The auditor is responsible for filing the audit confirmation request.

How to fill out audit confirmation request?

The auditor typically fills out the audit confirmation request form and sends it to the third party for verification.

What is the purpose of audit confirmation request?

The purpose of the audit confirmation request is to obtain independent verification of the information provided by the client.

What information must be reported on audit confirmation request?

The audit confirmation request typically includes details of the transaction or account being audited, as well as specific questions for the third party to confirm.