Use of a Service Provider in the Confirmation Process

by WSCPA | May 09, 2022

A&A Today: Presented by the WSCPA and Galasso Learning Solutions

The PCAOB has issued a staff spotlight looking at some auditor considerations when using a service provider in the confirmation process. It encourages auditors to evaluate whether they have maintained control over the confirmation and to what extent they can rely on third-party controls. This is nonauthoritative guidance to help improve audit quality.

Do you or your auditors use third party tools for the confirmation process?

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Melisa Galasso headshotWith over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

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