Chapter 12 - written representation Flashcards
1
Q
What is a managment representation?
A
explanations or answers given to the assurance provided suring the course of the enagagment → oral or written
2
Q
What is the procedure of a written representation?
A
- Auditor prepares a draft management representation letter
- Director gets asked to sign it
- It must be returned before audit report can be signed
3
Q
What does ISA 580 require auditors to get written representation for?
A
4
Q
What other matters may be the subject of writen representations?
A
5
Q
What happpend if the audit evidence doesnt support the managment representation?
A
do more tests
6
Q
What is a possitive and negative costomer conformation request?
A
- Possitive → asks for conformation or notification
- Negative → only asks for a response if the cliient diagrees with what is in the request
7
Q
When may a negative confirmation request be sent?
A
