Question: A major written understanding between a CPA and his client, in connection with an examination of financial statements, is a client (management) representation letter. section*{Required:}

A major written understanding between a CPA and his client, in connection with an examination of financial statements, is a client (management) representation letter.

\section*{Required:}

a. What are the objectives of the client's representation letters?

b. Who should prepare and sign the client's representation letters?

c. When should the client's representation letters be obtained?

d. Why should the client's representation letters be prepared for each examination?

e. What is the relationship between a representation letter and GAAS?

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a The objectives of the clients representation letters are as follows To confirm managements responsibility for the fair presentation of the financial ... View full answer

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