We have received from Wacker Neuson HQ a confirmation letter. Normally Wacker Neuson HQ does not confirm intercompany confirmation letters – normally we (auditors) send a confirmation on the balances. The reason for that – there are a number of controls during the consolidation process and therefore we (EY) are able to confirm the balances.
May I ask you additional questions to the confirmation letter?
- Do you need this confirmation for statutory audit purpose? If yes, why – local legal requirements / going concern issue?
- Is it any alternative possible?
- What do you mean with “in the short term”? Until one year?
Hi Karina,
Why do you have the question? What is your worry?