Which of the Following Statements Regarding the Letter of Representation

question 143

Multiple Choice

Which of the following statements regarding the letter of representation is not correct?

• A) It is prepared on the client's letterhead.
• B) It is addressed to the CPA firm.
• C) It is signed by high-level corporate officials, usually the president and chief financial officer.
• D) It is optional, not required, that the auditor obtain such a letter from management.

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Definitions:

Dissociative Disorders

A collection of psychological conditions marked by a disruption and inconsistency in cognitions, recollections, environment, behaviours, and self-perception.

Unbearable Stress

A level of stress so intense that it overwhelms an individual's ability to cope, often leading to significant health issues.

Suppression of Trauma

The deliberate effort or unconscious process of avoiding thoughts, feelings, or conversations related to a traumatic event to prevent distress.

Dissociative Fugue

A rare psychological condition characterized by temporary amnesia for personal identity, often accompanied by sudden travel or wandering.