Document background
The Audit Confirmation Letter is a crucial component of the external audit process in the United States, designed to obtain independent verification of financial information from third parties. This document is typically used when auditors need to confirm aspects of a client's financial statements, such as bank balances, accounts receivable, accounts payable, or other financial relationships. The letter must comply with various U.S. regulatory requirements, including AICPA standards, SEC regulations for public companies, and the Sarbanes-Oxley Act when applicable. It serves as formal evidence in the audit trail and helps ensure the accuracy and reliability of financial statements through independent verification.
