Q.7 (a) Briefly state the course of action which should be adopted by a firm if the requeste written representations are not provided by the client. (b) You are the audit manager at Afzal Textile Mills Limited (ATML). While reviewin the draft financial statements and the working paper file, the following matters hav come to your attention: (1) During the year, ATML has acquired 15% shareholding in Bashir Textiles Limited, a listed company. (i) ATML owns six buildings out of which four have been revalued during the current year while the remaining buildings would be revalued next year. Required: Discuss whether it would be necessary to obtain management representation in respec of the above matters