Question: Management representations are a source of audit evidence. These representations may be oral or written, and may be obtained either on an informal or formal

Management representations are a source of audit evidence. These representations may be oral or written, and may be obtained either on an informal or formal basis. The auditors will include information obtained in this manner in their audit working papers where it forms part of the total audit evidence.
Discuss the implications for the auditor of a small company, if the directors refuse to sign the Letter of Representation.

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