Document background
The Petty Cash Confirmation Letter For Audit is a crucial document in Hong Kong's audit process, required as part of the external confirmation procedures under Hong Kong Standard on Auditing (HKSA) 505. This document is typically prepared during annual audits or special audit engagements to provide independent verification of a company's petty cash balance and management procedures. It serves as formal audit evidence, confirming the exact amount of petty cash held, identifying the custodian, and detailing any outstanding items or reconciling differences. The letter needs to comply with Hong Kong's regulatory requirements for financial reporting and audit documentation, including relevant provisions of the Hong Kong Companies Ordinance and professional standards issued by the Hong Kong Institute of Certified Public Accountants (HKICPA).
