ISA 580

Question 1

What are written representations?

Answer 1

Written statements by management provided to auditor to confirm certain matters or to support other audit evidence

Question 2

What do written representations not include

Answer 2

Financial statements, assertions or supporting books and records

Question 3

Main areas (management fulfilled)

Answer 3

Confirm management fulifilled responsibilities for preparation of FSs

Question 4

Main areas (transactions recorded)

Answer 4

All transactions have been recorded and reflected therein

Question 5

Main areas (access auditors engagement)

Answer 5

All relevant information and access has been provided to auditor as agreed in terms of engagement

Question 6

Main areas (ISAs representations)

Answer 6

Number of ISAs require written representations (such as fraud, laws and regulations, estimates, going concern, related parties and subsequent events)

Question 7

Main areas (audit evidence FSs)

Answer 7

Support other audit evidence relevant to FSs if determined by the auditor