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For which of the following matters should an auditor obtain written management representations? Select one of the below situations and explain your response. (a) Managements
For which of the following matters should an auditor obtain written management representations? Select one of the below situations and explain your response. (a) Managements cost-benefit justifications for correcting internal control weaknesses. (b) Managements knowledge of future plans that may affect the price of the entitys stock. (c) Managements knowledge of allegations of fraud or suspected fraud affecting the entity. (d) Managements acknowledgment of its responsibilities for employees violations of laws.
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