Why are written representation and attorney letters obtained near the end of the evidence- gathering process and dated on the date of the auditor’s report?
Answer to relevant QuestionsHow should auditors respond if the client refuses to furnish written representations?Identify the reports that accompany the financial statements of public entities and non-public entities. If a scope limitation exists and auditors cannot perform alternative procedures, what are the auditors’ reporting options? What is the auditors’ reporting responsibility for (a) Other information accompanying the audited financial statements and (b) Required supplementary information?Which of these situations would require auditors to append an emphasis- of- matter paragraph about consistency to an otherwise unmodified opinion? a. Entity changed its estimated allowance for uncollectible accounts ...
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