As part of the External Auditor's procedures to obtain reasonable assurance that the balances started in the Trade Receivables (Debtors) Ledgers are correct and shows a true and fair view of the Debtors' balances, the Auditor is to carry out a Debtors' Circularization. This short video explains in summary the meaning and types of Debtors Circularization or confirmations. After seeing this video you will understand these confirmations are done. Below is a picture tutorial explaining the two types of Debtors Circularization. Thanks for reading. Do leave a comment. Also, you may be interested in Types of Tax Audits carried out by the Federal Inland Revenue Service (FIRS) in Nigeria
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