11. (a) SA 505 “External Confirmations” If the management refuses to allow the auditor to a send a confirmation request, the auditor shall: (i) Inquire reasons for the refusal – (ii) Evaluate the implications refusal on the auditor’s assessment of the relevant risks of material misstatement (fraud, and on the nature, timing and extent of other audit procedures) – (iii) Perform alternative audit procedures – (iv) If auditor concludes refusal is unreasonable then communicate with TCWG 11 (b) As per SA 501 “Audit Evidence – Additional Considerations for Specific Items”, the auditor should perform audit procedures, designed to obtain sufficient appropriate audit evidence during his attendance at physical inventory counting. SA 501 is additional guidance to that contained in SA 500, “Audit Evidence”. If the auditor is unable to be present at the physical inventory count on the date planned due to unforeseen circumstances, the auditor should take or observe some physical counts on an alt