1 One task that an auditor will undertake prior to signing an audit opinion is to obtain a representation letter from the company. You are conducting the statutory audit of Roanclub Limited, which is a high street retailer of fashion accessories. You are conducting the audit of the company in January 2021 at the height of the Covid pandemic in the UK involving lockdown measures. Required 1. Explain how engagement letters and representation letters are linked so far as the directors are concerned. (2 marks) 2. What are the main responsibilities of an auditor normally set out in an engagement letter for an auditor of financial statements under the Companies Act? I (5 marks) 3. ISAs require the auditor to obtain a representation letter before signing the opinion. What are the reasons for this? (5 marks) 4. What processes would you expect the company to go through before signing the representation letter? (3 marks) 5. Explain the process whereby the auditor obtains the representation letter. (5 marks) 6. Having regard to the prevailing economic conditions, list with reasons 5 specific representations brought about by the pandemic that you might expect to see included in the representation letter in respect of Roanclub