Positive Confirmation

Filed Under »
Dictionary Says

Definition of 'Positive Confirmation'

An auditing inquiry that requires the customer to respond to the auditor whether the customer's records do or do not correspond with the auditor's records. Negative confirmation, on the other hand, requires a response only if there is a discrepancy. Positive confirmation is the more involved of the two options, so it is more likely to be used if the company's books are suspected to have errors.

Investopedia Says

Investopedia explains 'Positive Confirmation'

Both positive and negative confirmation are used in auditing accounts receivable. One way an auditor can verify the accuracy of the accounts receivable records being examined is to  see if those books correctly reflect transactions that have occurred between the company and its customers. Contacting customers directly helps auditors verify that accounts listed actually exist, that balances shown as owed are correct and that payments marked as received are accurate.

Search results for

'Positive Confirmation'

  • Accumulative Swing Index And The McClellan Oscillator

    http://www.investopedia.com/articles/technical/02/100702.asp
    ... A rising trendline of troughs and peaks would be a positive sign to the ... Conclusion
    These indicators serve as confirmation indicators to those of us who need to ...

  • 4 Types Of Indicators FX Traders Must Know

    http://www.investopedia.com/articles/forex/10/indicators-fx-traders-must-know.asp
    ... When both are positive, then we have a confirmed uptrend. At the bottom of Figure
    4 we see another trend-confirmation tool that might be considered in addition ...

  • 4 Types Of Indicators FX Traders Must Know Slideshow ...

    http://www.investopedia.com/slide-show/types-of-indicators-fx-traders-must-know
    ... One of the most popular – and useful – trend confirmation tools is known as the ... above
    its own moving average, then the histogram would be positive and an ...

  • 4 Types Of Indicators FX Traders Must Know Slideshow ...

    http://www.investopedia.com/slide-show/types-of-indicators-fx-traders-must-know/overbought-oversold-tool.aspx
    ... One of the most popular – and useful – trend confirmation tools is known as the ... above
    its own moving average, then the histogram would be positive and an ...

  • 4 Types Of Indicators FX Traders Must Know Slideshow ...

    http://www.investopedia.com/slide-show/types-of-indicators-fx-traders-must-know/the-bottom-line.aspx
    ... One of the most popular – and useful – trend confirmation tools is known as the ... above
    its own moving average, then the histogram would be positive and an ...

  • 4 Types Of Indicators FX Traders Must Know Slideshow ...

    http://www.investopedia.com/slide-show/types-of-indicators-fx-traders-must-know/trend-following-tool.aspx
    ... One of the most popular – and useful – trend confirmation tools is known as the ... above
    its own moving average, then the histogram would be positive and an ...

  • 4 Types Of Indicators FX Traders Must Know Slideshow ...

    http://www.investopedia.com/slide-show/types-of-indicators-fx-traders-must-know/profit-taking-tool.aspx
    ... One of the most popular – and useful – trend confirmation tools is known as the ... above
    its own moving average, then the histogram would be positive and an ...

  • Forex Trading The US Trade Balance Figures

    http://www.investopedia.com/articles/forex/11/trading-us-trade-balance-report.asp
    ... contraction meant that the overall trade deficit was improving – a dollar positive. ...
    Confirmation of this signal would be a break of the descending trendline ...

  • Tales From The Trenches: Perfectly Negative Profitability

    http://www.investopedia.com/articles/trading/08/correlation.asp
    ... As long as the negative relationship persisted, there was double confirmation that
    the ... contrast, the chart in Figure 3 is an example of positive correlation on ...

  • Oil Services Earnings Hint At Recovery

    http://stocks.investopedia.com/stock-analysis/2010/Oil-Services-Earnings-Hint-At-Recovery-HAL-SII-NOV-SLB0430.aspx
    ... North American Outlook Halliburton (NYSE:HAL) also had positive things to say on
    North America ... Look for further confirmation during the balance of earning season ...

Related Articles

Partner Links