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Auditors send bank confirmations for most active bank accounts. Are bank confirmations required under ISA (NZ) auditing standards? How does this compare to the requirements

Auditors send bank confirmations for most active bank accounts. Are bank confirmations required under ISA (NZ) auditing standards? How does this compare to the requirements for confirmations of accounts receivable under AICPA standards in the US (see AU-C 505 standard)? Why do you suppose these differences exist?

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