When Considering the Use of Management's Written Representations as Audit

question 63

Multiple Choice

When considering the use of management's written representations as audit evidence about the completeness assertion, an auditor should understand that such representations

• A) Complement, but do not replace, substantive procedures designed to support the assertion.
• B) Constitute sufficient evidence to support the assertion when considered in combination with reliance on internal controls.
• C) Are not part of the evidential matter considered to support the assertion.
• D) Replace reliance on internal controls as evidence to support the assertion.

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Definitions:

In-Person Communication

Direct communication between individuals present in the same location, involving verbal and non-verbal interaction.

Correspondence

The exchange of written communication between individuals or organizations, including letters, emails, and memos.

Thank-You

An expression of gratitude.

First-Name Basis

A relationship or interaction style where individuals address each other by their first names, indicating a level of familiarity.