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







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