a.
Concept Introduction:
Representation letter is a letter provided by the company to its accountant with the terms that the financial statement and its engagement for the time period is the management’s responsibility. And the letter indicates the accuracy of the financial statement that company provides to the external auditor for the audit and analysis.
To discuss: The circumstances and purpose to obtain the representation letter
b.
Concept Introduction:
Representation letter is a letter provided by the company to its accountant with the terms that the financial statement and its engagement for the time period is the management’s responsibility. And the letter indicates the accuracy of the financial statement that company provides to the external auditor for the audit and analysis.
To discuss: The individual whom the representation letter should be addressed, time when it should be dated, and the individual who should sign the letter and effect of his or her to refusal to sign the letter
c.
Concept Introduction:
Representation letter is a letter provided by the company to its accountant with the terms that the financial statement and its engagement for the time period is the management’s responsibility. And the letter indicates the accuracy of the financial statement that company provides to the external auditor for the audit and analysis.
To discuss: The circumstances when an auditor’s other responsibilities be relieved by obtaining a management representation letter
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Chapter 17 Solutions
AUDITING RMU
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