Question: Define a management representation letter. O A A written statement by management provided to the auditor to confirm certain matters or to support other audit





Define a management representation letter. O A A written statement by management provided to the auditor to confirm certain matters or to support other audit evidence. A letter from management to the auditor acknowledging management's responsibility O B. for the preparation of the financial statements and details of any verbal representations made by management during the course of the audit. C. A letter from auditor informing management about concerns. O A written statement containing details of any verbal representations made by management during the course of the audit.Which statement defines a Type 1 subsequent event? O A. provides evidence of conditions that arose after the date of the financial statements O B. provides evidence of conditions that arose before the date of the financial statements O c. provides evidence of conditions that arose before the date of the auditor's report provides evidence of conditions that arose after the date of the auditor's report OD.One of the seventeen CCSD principles of Internal control states that "the organization holds Individual accountable for their Internal control responsibilities In the pursuit of objectives." To which component of Internal control does this principle belong? Q A. Control Activities .3 [-1. Information and Communication .3 r; Ftisk Assessment (31 [1 Control Environment Non-executive dlreetora should Ideally be (3, a. employed by the client rm D a objective and knowledgeable about the industry D C expected to have the same level of knowledge about the company as executive \"directors (3 o. from an unrelated industry, to ensure maximum objectiyeneea Analytical procedures O A. are evaluations of financial information through analysis of plausible relationships using financial data only O B. are optional, and generally unnecessary if the system of internal control is strong Oc. are evaluations of financial information through analysis of plausible relationships among both financial and non-financial data OD. are evaluations of financial information through analysis of plausible relationships using non-financial data only
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