What Is the Primary Purpose of Obtaining Written Representations

question 9

Multiple Choice

What is the primary purpose of obtaining written representations?

• A)To provide auditors with substantive evidence of important assertions.
• B)To impress upon management its primary responsibility for the financial statements.
• C)To allow auditors to communicate important internal control deficiencies to management.
• D)To allow auditors to communicate important suggestions for improvement to management.

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Definitions:

Workforce Analytics

The use of quantitative tools and scientific methods to analyze data from human resource databases and other sources to make evidence-based decisions that support business goals.

Quantitative Tools

Instruments or methods used to analyze and interpret numerical data, often employed in finance, marketing, and research.

Evidence-based Decisions

Decisions made based on the careful analysis of reliable data, information, and research findings.

Development Programs

Structured initiatives within organizations aimed at enhancing the skills and competencies of employees for their personal and professional growth.