Why is the management representation letter obtained at the end of the audit? Discuss the impact on

Question:

Why is the management representation letter obtained at the end of the audit? Discuss the impact on the audit if management refused to sign the management representation letter.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

See More Books

Question Posted: Jan 10, 2020 07:50 AM

See More Questions

Multiple Choice Questions The following questions concern communications between management, those charged with governance, and the auditor. Choose the best response. a. A principal purpose of a...
Multiple Choice Questions 1. Analytical procedures performed in the overall review stage of an audit suggest that several accounts have unexpected relationships. These results most likely would...
MULTIPLE-CHOICE QUESTIONS 1. In evaluating whether the client is a going concern, the auditor should ask which of the following questions? a. Are there indicators of going concern problems? b. Is it...
Analyze the residuals from the regression model on the patient satisfaction data from Exercise 4.49. Comment on the adequacy of the regression model. MTB> Stat> Regression > Regression Normal...
(a) In a double-slit experiment, what largest ratio of d to a causes diffraction to eliminate the fourth bright side fringe? (b) What other bright fringes are also eliminated?
Use the genetic code (Figure 21.8) to translate the mRNA sequence AUGcgcaccucaggaugagau. (Human reading frames start with AUG.) Which amino acid sequence is being specified? a....
Match the measures of worth in the first column with one (or more) of the analysis approaches that is (are) appropriate for that measure. Measure of Worth (a) Annual Worth (b) External Rate of Return...
Yacuma Corporation issued bonds twice during 2014. The transactions follow. 2014 Jan. 1 Issued $2,000,000 of 9.2 percent, 10-year bonds dated January 1, 2014, with interest payable on June 30 and...
Bleeker Street Pizza and Keste Pizza & Vino are located close to each other on Bleeker Street in the West Village. There are 450 potential customers every day, and suppose that each of them is...
You are the manager of a credit department. The sales team has presented a large order from a new purchaser, Wizard Industries. For approximately 12 years, Wizard has been installing security and...
For a private company client that follows GAAP, auditors must consider the going concern assumption for a reasonable period of time, which is: a. One year from the date the financial statements are...
All of the following statements are included in a management representation letter except: a. There have been no violations of laws or regulations. b. No subsequent events have occurred that require...
A projectile is fired with an initial speed of 200 m/s and angle of elevation 60. Find (a) The range of the projectile, (b) The maximum height reached, (c) The speed at impact.
4 Consider a flow graph given in Fig. and calculate the cyclomatic complexity by all three methods
A simply supported 6 metres long rolled steel joist carries a uniformly distributed load of 8 kN/metre length. Determine slope at a distance of 2 metres from one end of the beam. (a) 0 (b)0.276 (c) ...
An RFI: Is often issued before beginning a purchasing process Will precede an RFP or RFQ "Is similar in some ways to an RFP, but is usually less rigorous and contains fewer questions" All of these...
Los SGBD permiten generar soluciones a las organizaciones a travs de la creacin, diseo y desarrollo de bases de datos. Sin embargo, estas requieren de mantenimiento y actualizaciones. Es importante...
1. (10 pts) Convert the following MIPS assembly codes into machine languages. Write the machine language instructions in hexadecimal. add $to, $s0, $s1 lw addi $s0, $0, -10 $t0, 0x20 ($t7)) // lw...
Bennett's Home Renovations was started in 2008 by Jim Bennett. Jim operates the business from an office in his home. Listed below, in alphabetical order, are the company's assets and liabilities as...
Integration is a vital concept when applied in one?s life. Integrating your life means making ideal choices. Perfect choices on the other go in line with quality decisions. Quality decisions lead to...
Will non-Indian companies like Amazon.com and eBay flourish in India? Explain.
Why are human resources and talent management so important at Steelcase?
Identify the problem described in this case. What management, organization and technology factors contributed to this problem? What role did globalization play?
Assume that the Incentive Pool in Halifax Hospital only included revenues with respect to the professional component of the oncology services. Would the court have reached a different conclusion?...
Bob is a sales clerk at a retail clothes store. When he locks the store for the evening at closing time, he is unaware that a customer is in the change room. The customer is unable to call anyone and...
Discuss your experience of learning about your classmates and how it impacted your understanding of people from other backgrounds. In your second post, reflect on what you learned in this course and...

Why is the management representation letter obtained at the end of the audit? Discuss the impact on

Question:

Step by Step Answer:

The management letter is obtained at the end of the au...View the full answer

Auditing A Practical Approach with Data Analytics

Students also viewed these Business questions