Received this response on a cash confirmation, "Information is furnished as a matter of courtesy without a duty to do so and without responsibility, liability, or warrant, expressed or implied". The bank balance was correct and matched. Would this confirmation still be persuasive and reliable? why or why not?
NO, THE INFORMATION WILL NOT BE RELIABLE.
If such response comes, "Information is furnished as a matter of courtesy without a duty to do so and without responsibility, liability, or warrant, expressed or implied".
This is called disclaimer or restrictive language. The above response is one of the examples of "Disclaimer or restrictive language". Such response can limit the amount of audit evidences and also this information cannot be used for making financial statements.
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