Document background
The Stock Confirmation Letter For Audit is a critical component of the audit process in Singapore, required under the Singapore Standards on Auditing (SSA) and Companies Act. It is typically requested by external auditors during annual statutory audits to obtain independent confirmation of a company's inventory position. The document provides detailed information about stock quantities, values, locations, and ownership status as of a specific date. This confirmation serves as primary audit evidence and helps ensure compliance with Singapore's stringent financial reporting and audit requirements. It's particularly important for companies with significant inventory holdings and those subject to statutory audit requirements.
