Consider the following statements and explain why they may be true or false:

(a) Audit working sheets should be a record of all evidence collected by auditors in forming the audit opinion.

(b) Auditors’ responsibility ceases at the date they sign the audit report.

(c) The financial statements signed by directors on or slightly before the date of the audit report must be identical with the financial statements submitted to shareholders.

(d) Oral evidence from management that can be confirmed from other sources need not be acknowledged in writing in the letter of representation.

(e) If management refuses to sign the letter of representation, auditors will be unable to form an opinion as to whether the financial statements give a true and fair view.

(f) FRS 102 and IAS 37 apply to provisions for accrued electricity and telephone usage and provisions for doubtful debts.