Research On Audit Digital Confirmation

As an important external audit evidence obtained from the outside of the enterprise,the credibility of confirmation is relatively high.However,due to the defects of the traditional letter confirmation mode,many audit failures have occurred directly or indirectly.In the existing research,most of the literature has made an overall analysis on the confirmation procedure and the digitization of confirmation,and there is a lack of research on the confirmation procedure combined with relevant cases.Combined with the Baker Tilly China Certified Public Accountants ’s use of the NIFA Digital Confirmation Platform as an example,this paper is of certain significance to study,standardize and apply the digital confirmation platform and realize the digitization of confirmation.Baker Tilly International completed a special letter in January 2021.This letter is of great significance in the letters completed in China and is the first third-party digital letter business completed.This letter was issued by Baker Tilly International.Relying on the digital confirmation platform of National Internet Finance Association of China(hereinafter referred to as NIFA digital letter platform),it established contact with the auditee and Tianjin Branch of Jinzhou bank,realized information exchange and successfully completed the whole process of letter.The whole process operation of this letter is standardized,safe and effective,strictly abides by the relevant document specifications of the Ministry of finance,meets the business specification and operation specification requirements of the CBRC for bank letters,and meets the efficiency and cost requirements for promoting the digitization of confirmation.By analyzing the case of Baker Tilly International application of NIFA digital confirmation platform and comparing the advantages of the application of digital confirmation platform compared with the traditional confirmation process,this paper comes to the conclusion that the application of digital confirmation platform by accounting firms can promote the digitization process of confirmation,enhance the reliability of confirmation evidence.At the same time,it puts forward the problems that need to be considered in the application of digital confirmation platform: cost,information security and the construction of confirmation Center.The problems existing in the application of digital confirmation platform should be solved or improved by strengthening the professional competency training of auditors,strengthening the information construction of participants,accelerating the popularization and application of new technologies and strengthening policy guidance.There are some deficiencies in this paper.Accounting firms’ application of the digital confirmation platform to realize the digitization of confirmation is in the initial stage,and there are few practical operation cases.This paper does not have a thorough grasp of the actual operation of the digitization of confirmation,which needs further research and research.At present,audit digitization is still in the stage of innovation and exploration.The research of this paper is not deep enough to explore the field of development.