Written Representations Should Be Dated as of the Date of the Financial

question 45

True/False

Written representations should be dated as of the date of the financial statements.

---

Definitions:

Bilateral Agreement

A bilateral agreement is a legally binding contract between two parties, countries, or entities where each agrees to fulfill certain obligations to the benefit of the other.

Express Agreement

A legal contract in which all terms are explicitly stated and agreed upon by all parties involved.

E-contracts

Electronic forms of contracts that are created, signed, and maintained in digital format, often facilitated by the internet.

Legally Valid

Holding sufficient standing or force in law; capable of being legally or lawfully recognized or enforced.