Documentation of representations by management, Auditing

Documentation of Representations by Management

The auditor would ordinarily involve in audit working papers evidence of management's representations in form of a summary of oral discussions along with written or management representations from management.

A written representation is better audit evidence rather than an oral representation and can considered the form of as:

  1. A representation letter from management;
  2. A letter from the auditor outlining the auditor's considerate of management's representations along with duly acknowledged and confirmed through management; or
  3. Relevant minutes of the board of directors of meetings or a signed copy or similar body of the financial statements.
Posted Date: 1/24/2013 7:43:00 AM | Location : United States







Related Discussions:- Documentation of representations by management, Assignment Help, Ask Question on Documentation of representations by management, Get Answer, Expert's Help, Documentation of representations by management Discussions

Write discussion on Documentation of representations by management
Your posts are moderated
Related Questions
Step 1: Determine learning objectives. Considering the importance of a course, its placement in a program of study, and its role in providing a base of knowledge to be built upon

Disclosure Requirements - Investment In common terms, the following items have to be disclosed in the concern to all investments: (a) The accounting policies about:-

Judgmental Sampling Judgment sampling is where the auditor using his own experience and knowledge of the client's business and circumstances selects the sample to be tested wi

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

A municipal village or a nonprofit organization solicits bids for the annual audit from local audit firms, and the firm with the lowest bid is selected. Answer the following que

Simple Plans - An employer can adopt a simplified retirement plan known as a SIMPLE Plan (Savings incentive match plan for employees) if it has fewer than 100 employees that receiv

Checking Consolidation Papers The auditor pays particular concentration to the calculation of: a) Goodwill arising on consolidation and acquisition b) Post-acquisition a

The auditors for Weston University are conducting their audit for the fiscal year ended December 31, 2011. Specifically, the audit firm is now focusing on the audit of revenue from

Necessity of Accountant The accountant is not necessary To expand his enquiries beyond the information enclosed in the relevant documents as supplemented through such e

what a group auditing and holding campanies in details with exmple propurly