The Auditing Standards Board made recommendations to the Public Company Accounting Oversight Board in an effort to improve the confirmation process through revision to Statement on Auditing Standards No. 67. The ASB's recommended revision grew out of its consideration of Practice Alert 2003-1, "Audit Confirmations," and recommendations relevant to the use of confirmations in "The Panel on Audit Effectiveness, Report and Recommendations, August 31, 2000." Furthermore, the ASB ...