A purpose of a management representation letter is to reduce a. Audit risk to an aggregate level

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A purpose of a management representation letter is to reduce

a. Audit risk to an aggregate level of misstatement that could be considered material.

b. An auditor's responsibility to detect material misstatements only to the extent that the letter is relied on.

c. The possibility of a misunderstanding concerning management's responsibility for the financial statements.

d. The scope of an auditor's procedures concerning related party transactions and subsequent events.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 08, 2024 01:27 AM

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A purpose of a management representation letter is to reduce a. Audit risk to an aggregate level

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Auditing An Assertions Approach

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