For which of the following matters should an auditor obtain written management representations? Group of answer choices Management’s compliance with contractual agreements that may affect the financial statements. Management’s knowledge of future plans that may affect the price of the entity’s stock. Management’s cost-benefit justifications for not correcting internal control weaknesses. Management’s acknowledgment of its responsibility for employee’s violations of laws.
For which of the following matters should an auditor obtain written management representations? Group of answer choices Management’s compliance with contractual agreements that may affect the financial statements. Management’s knowledge of future plans that may affect the price of the entity’s stock. Management’s cost-benefit justifications for not correcting internal control weaknesses. Management’s acknowledgment of its responsibility for employee’s violations of laws.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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80
For which of the following matters should an auditor obtain written management representations?
Group of answer choices
Management’s compliance with contractual agreements that may affect the financial statements.
Management’s knowledge of future plans that may affect the price of the entity’s stock.
Management’s cost-benefit justifications for not correcting internal control weaknesses.
Management’s acknowledgment of its responsibility for employee’s violations of laws.
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