Question

Refer to the example of a written management representation letter illustrated in Exhibit 15–5.


Required:
a. What are the assumptions about the audit engagement in this management representation letter?
b. Which of the representations in the example letter need to be provided regardless of their materiality?
c. If an event subsequent to the date of the balance sheet has been disclosed in the financial statements, what modification would be made to the example letter?
d. If management has received a communication regarding an allegation of fraud or suspected fraud, what modification would be made to the exampleletter?


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  • CreatedJanuary 09, 2015
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