Friday, September 12, 2008

Additional Information: Generating Balance Confirmations

Balance confirmations can be generated from the debit or from the credit side. In both cases, for the type of form layout, we make a distinction between balance notification (negative inquiry), balance request (open method, request procedure), and balance confirmation (positive inquiry).

For other situations that may arise, you can undertake a sample selection of customers/vendors who need to be informed in addition to selecting particular customers/vendors directly. You can define the scope of the sample to meet your requirements. You can cover the aspects of external auditing with reference to your samples.

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