auditor’s written management representation
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Auditing Theory: Written Representations
In which matter is the auditor’s written management representation be required?
A. Cost-benefit justification for not correcting significant deficiencies in internal control
B. Knowledge of future plans that may affect share price
C. Acknowledgment of responsibility for employees’ violation of laws
D. Compliance with contractual agreements that are relevant to the financial statements
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