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Positive Confirmation vs Negative Confirmation: Key Differences Explained

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Positive and negative confirmations are essential tools in audit procedures used to verify the accuracy of financial records. A positive confirmation requires the respondent to confirm whether a specific balance or transaction is correct, providing direct evidence for auditors. In contrast, a negative confirmation only requires a response if the information is incorrect, making it les... https://diro.io/positive-vs-negative-vs-blank-confirmations/
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