S1: The subsequent events period extends to the date of management representation letter and the auditor’s report. S2: The failure of management to provide a management representation letter is considered a scope limitation on the audit. a. Only S1 is true. b. Only S2 is true. c. Both S1 and S2 are true. d. Both S1 and S2 are false.
S1: The subsequent events period extends to the date of management representation letter and the auditor’s report. S2: The failure of management to provide a management representation letter is considered a scope limitation on the audit. a. Only S1 is true. b. Only S2 is true. c. Both S1 and S2 are true. d. Both S1 and S2 are false.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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S1: The subsequent events period extends to the date of management representation letter and the auditor’s report. S2: The failure of management to provide a management representation letter is considered a scope limitation on the audit.
a. Only S1 is true.
b. Only S2 is true.
c. Both S1 and S2 are true.
d. Both S1 and S2 are false.
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