__________ are used when third parties (persons other than the client) have knowledge of some aspect of a financial or non-financial matter and can be asked to provide this information.

Question

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Confirmations are used to obtain information from third parties (such as banks, customers, vendors, etc.) regarding the accuracy of financial or non-financial information. This information is obtained to provide assurance on the financial statements or other information being audited or reviewed. Engagement letters establish the terms of the engagement and the responsibilities of both the auditor and the client. Subpoenas and grand juries are legal tools for obtaining evidence, but are not typically used in the context of an audit or review engagement.

__________ Are Used When Third Parties (Persons Other Than the Client)