1/ What is a representation letter? What items should be included in the letter? Who gives the...
Question:
1/ What is a representation letter? What items should be included in the letter? Who gives the auditor the representation? When do the auditor receive the letter? What date should the letter be dated?
2/ List out the types of opinions that the auditor will issue.
3/ What is a going concern? How do we reach the going concern opinion and how do we lift it?
4/ . We discussed SPAC in our capital market class, tell me 5 characteristics of SPAC.
5/ We also discussed the latest news regarding PCAOB, tell me what is PCAOB and the most recent developments regarding China with PCAOB. List out at least three items.
6/ Why do we need footnote disclosures to support the financial statements? The function of the footnotes? What should be included in the footnotes?