Obtaining Written Representations

Question 1

First step

Answer 1

Agree procedures at early stage (e.g. letter of engagement)

Question 2

Second step

Answer 2

Discuss the contents of letter with management first

Question 3

Third step

Answer 3

Print on client’s headed paper and to be signed by management

Question 4

Fourth step

Answer 4

Dated as close as possible for signing of auditor’s report but not after this date