How should auditors respond if the client refuses to furnish written representations?
Answer to relevant QuestionsWhat responsibility do auditors have for evaluating a client’s ability to continue as a going concern?What are the audit requirements for nonpublic and public entities?When a scope limitation exists, how would the standard (unmodified) report be modified to express (a) A qualified opinion and (b) A disclaimer of opinion?What is an updated report? What is a reissued report?Wolfe became the new auditor for Royal Corporation, succeeding C. Mason, who audited the financial statements last year. Wolfe needs to report on Royal’s comparative financial statements and should disclose in the report ...
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