$1$points

Time Remaining $8$ minutes $14$ seconds

$00$:$08$:$14$

Item $7$

Time Remaining $8$ minutes $14$ seconds

$00$:$08$:$14$

A CPA wishes to use a representation letter as a substitute for performing other audit procedures. Doing so:

Multiple Choice

Is acceptable, but should only be done when cost justified.

Violates professional standards.

Is acceptable, but only for non$-$public clients.

Is acceptable and desirable under all conditions.