Multiple Choice
Which of the following is not a reason why the auditor requests that the client provide a letter of representation?
A) Professional auditing standards require the auditor to obtain a letter of representation.
B) It impresses upon management its responsibility for the accuracy of the information in the financial statements.
C) It provides written documentation of the oral responses already received to inquiries of management.
D) It provides written documentation, which is a higher quality of evidence than management's oral responses to inquiries.
Correct Answer:
Verified
Correct Answer:
Verified
Q28: An independent review must be performed of
Q35: Current professional auditing standards require the performance
Q49: What two steps must an auditor do
Q51: Discuss three audit procedures commonly used to
Q58: The standard letter of inquiry to the
Q59: Elise-Greer, LLP is an affiliate of the
Q62: When a client will not permit inquiry
Q69: If the auditor concludes that there are
Q77: When preparing a standard inquiry of client's
Q96: Which of the following would the auditor