Role of confirmation in the audit procedure


Response to the following questions:

1. Identify two substantive analytical procedures that can be used to audit prepaid insurance.

2. Confirmation is a useful audit procedure for verifying information related to prepaid insurance. What type of information would be requested from an entity's insurance broker in such a confirmation?

If possible, please give examples to better understand your answers.

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Auditing: Role of confirmation in the audit procedure
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