1
Q
What are management representations?
A
Explanations or answers given to the assurance provider during the course of an engagement
2
Q
When should the representation letter be dated ?
A
As near as possible before the date of the audit report. It cannot be after.
3
Q
A
4
Q
What are the contents of the management representation letter?
A
Confirmation that management has fulfilled its responsibilities
Confirmation that all relevant information has been provided to the auditor
Confirmation that all transactions have been recorded and reflected in financial statements
5
Q
Wy may there be doubts on us relying on written representations?
A
Integrity
Competency
Diligence
Bias
Inconsistent with other audit evidence
Assurance
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Decks in class (7)
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