What are the major categories of information contained in written representations?
Answer to relevant QuestionsIf the entity is subject to the requirements of AS 5, what written representations should auditors obtain from the client with respect to internal control over financial reporting?What are some of the benefits of audit documentation review to a public accounting firm?A major objective of written representations is to a. Shift responsibility for financial statements from the management to auditors. b. Provide a substitute source of audit evidence for substantive procedures that auditors ...Which of the following is ordinarily performed last in the audit examination? a. Securing a signed engagement letter from the client. b. Performing tests of controls. c. Performing a review for subsequent events. d. ...Which of the following substantive procedures would auditors most likely perform to obtain evidence about the occurrence of subsequent events? a. Recompute a sample of large- dollar transactions occurring after the date of ...
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