Multiple Choice
One of the purposes of a client representation letter is to
A) reduce the amount of audit procedures performed by the auditor.
B) document the responses from management to inquiries about various aspects of the audit.
C) serve as audit evidence for the accuracy of the contingent liabilities.
D) reduce the detection risk.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: A)Discuss the purposes of performing analytical procedures
Q9: What situation represents a contingent liability for
Q11: The following events all occurred after the
Q12: CAS require the auditor to review the
Q14: In addition to the financial statements,MD&A (management
Q15: The standard letter of confirmation from a
Q16: Which of the following auditing procedures is
Q17: What action will a lawyer likely take
Q18: State the three conditions required for a
Q120: List four specific matters that should be