15. If Auditors are appointed on January 3rd 2017 the date of the financial statements is December 31st 2017 the date of the auditor's report is February 7th 2018 and the audit report release date is March 3rd 2018 what is the appropriate date of the written representations?
a. January 3rd 2017
b. December 31st 2017
c. February 7th 2018
d. March 3rd 2018

7. Auditors conclude that the omission of a substantive procedure considered necessary at the time of the examination May impair their present ability to support the previously expressed opinion. Auditors need not try to perform the emitted procedure if
a. the risk of adverse publicity or litigation is low
b. some financial statement users are currently relying on the Auditors reports
c. the auditor's opinion was qualified because of a department from generally accepted accounting principles
d. the results of other procedures that were applied at the time compensated adequately for the emitted procedure by providing sufficient appropriate evidence

Answer rating: 100% (QA)

1 D March 3rd 2018 A management representation letter would ordinarily be dated the same date as the auditors report although it may be dated and rece... View the full answer