PCAOB AS 2310 and Digital Transformation Reshape Bank Audit Confirmations in 2026

Summary

Thomson Reuters published a strategic outlook on bank confirmations for 2026, highlighting the impact of PCAOB Auditing Standard 2310, which became effective for audits of public company financial statements for fiscal years ending on or after June 15, 2025. The standard represents the first major overhaul of confirmation requirements in decades and explicitly permits direct access to external information sources, legitimizing electronic confirmation platforms while imposing enhanced requirement