Action if management refuses to provide representations, Auditing

Action if Management Refuses to Provide Representations

If management refuses to provide a representation that the auditor considers essential, this constitutes a scope restriction and the auditor must express a qualified opinion or a disclaimer of opinion. In such conditions, the auditor would evaluate any reliance placed on other representations made by management during the course of the audit and consider if the other implications of the refusal may have any additional effect on the auditor’s report.

Posted Date: 12/4/2012 5:04:39 AM | Location : United States







Related Discussions:- Action if management refuses to provide representations, Assignment Help, Ask Question on Action if management refuses to provide representations, Get Answer, Expert's Help, Action if management refuses to provide representations Discussions

Write discussion on Action if management refuses to provide representations
Your posts are moderated
Related Questions
Authoritative Document is IAS 17 Leases The suitable technique of amortization or depreciation to require in the case of leasehold property and freehold buildings is straight-

Auditor performs analytical work only at the end of the audit. Ans: I disagree with the statement because: i) Analytical work/procedures are used to obtain an understanding o

#Fortex Limited, the meat processing firm, was formed in 1985 from three smaller companies. In 1993, however, after a few years of spectacular growth, the company collapsed. a) S

Assertions about account Assertions about account balances at the duration end: a) Existence -assets, equity and liabilities interests exist. b) Obligations and Ri

Existence - Detailed Audit of Stock In the previous the auditor accepted a director's certificate as to the existence of stocks.  Until some cases specifically in the United S


Write a paper (may be real or fictional) involving Accounting and business moral dilemmas. The paper should be 13 pages (double spaced) in accordance with APA guidelines. more des

Principles of Auditors Procedures i. The financial statements should be prepared on the source of conditions existing on the balance sheet date. ii. The material post balance

Q. What are the different methods available for collection and analyzing audit data? Q. Describe and explain common audit findings in the fields of: a. Informed consent proce

A. Board of Directors Best Buy's Board is elected by the shareholders to oversee the business and affairs of the company.  The board counsels, advises and oversees management wi