You have the following situation - Mustafa was appointed to the Al-Wehda Auditing Office, which holds a Bachelors degree in Accounting for the year 2016. He previously worked for the Al-Ettifaq Auditing Office - The office received an offer to audit the financial statements of the express service company, which shows spare parts and provides a car maintenance service - Al-Nasr Company would like the auditor to submit a report on the companys financial statements in order to obtain a loan from the bank to expand its business Accordingly, the audit office requested the company to provide it with all the financial statements and an acknowledgment from it about these data The office asked Mustafa to submit an acknowledgment that he had no interests with this company before assigning him to verify the financial statements of the process, whether the statements of the income statement or the financial position to verify the extent of their agreement with the administrations declarations and generally accepted accounting standards. In addition, Mustafa must check the company's stock of spare parts in terms of their number and condition Mustafa defined the objectives of the audit assignment and set a timetable for the actions to be taken After completing the audit of the data, Mustafa submitted a report to the office manager about his opinion of the financial data, and the company was provided with it for submission to the loan granting authority.

In order to implement this contract, it appointed each of the

Required : Discuss the above case, indicating the elements of the concept of auditing and the extent to which the case agrees with these elements ( in details )

Explain the concept of management representations in accordance with Standard 580 issued by the Saudi Organization for Certified Public Accountants ( in details )