Documentation of representations by management, Auditing

Assignment Help:

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.

Related Discussions:- Documentation of representations by management

Explain the different auditing procedures, Problem : As per the Field S...

Problem : As per the Field Standard (INTOSAI), competent, relevant and reasonable evidence should be obtained to support the auditor judgement and conclusions regarding the org

Audit Procedures - Intangible Assets, Audit Procedures - Intangible Assets ...

Audit Procedures - Intangible Assets The auditor's process as far as goodwill is relating would involve as: a) Vouching for details as per the buy agreement of the values

Preformer, hi, im a preformer and i want to know should i be myself duing a...

hi, im a preformer and i want to know should i be myself duing an audition or should i act proper ans sweet like everyone els

Tds, how to operate distribute amount and section rate also provision party...

how to operate distribute amount and section rate also provision party bill

Judgmental sampling, Judgmental Sampling Judgment sampling is where th...

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

Assertions about disclosure, Assertions about disclosure Assertions ...

Assertions about disclosure Assertions about disclosure and presentation : a) Rights and Occurrence and obligations -disclosed transactions and events and other issues

Audit sampling, Audit Sampling ISA 530 Audit Sampling and Other Selecti...

Audit Sampling ISA 530 Audit Sampling and Other Selective Testing Procedures states Audit sampling is the application of a compliance or substantive procedure to less than 100%

Verification, discuss the verification procedure of current assets and long...

discuss the verification procedure of current assets and long term liabilties

Process of conducting an audit, Question : Describe the methodology and...

Question : Describe the methodology and process of conducting an audit. Define audit Describe the methodology of conducting an audit  Describe the process of conduc

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd