positive confirmation

Definition

An auditor's request to confirm about the accuracy of an item. The request may be oral or written and is sent to a party dealing with a client in order to confirm whether or not an item is correct. The party receiving the confirmation must reply for the auditor to verify the accuracy of its client's financial records.

Related Videos




http://www.businessdictionary.com/definition/positive-confirmation.html

Today's Top Bulls

72% Bullish
(36 Votes)
70% Bullish
(103 Votes)
69% Bullish
(26 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z