Statement on Auditing Standards No. 19, Client Representations, requires that an independent auditor obtain a written representation
Question:
Statement on Auditing Standards No. 19, "Client Representations," requires that an independent auditor obtain a written representation letter from management, and precludes the auditor from issuing an unqualified opinion if management—in particular, the chief executive officer—refuses to sign the letter.
Required:
1. What are the objectives of obtaining a management representation letter?
2. Who should prepare and sign the letter?
3. When should a representation letter be obtained?
4. Why should a representation letter be prepared for each year in which an audit is performed?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: