Which of the Following Items Would Appear in Written Representations

question 22

Multiple Choice

Which of the following items would appear in written representations in the audit of a public entity but not a nonpublic entity?

• A)Statements related to management's responsibility for the entity's financial statements.
• B)Statements related to management's responsibility for designing internal control to prevent and detect fraud.
• C)An indication that all subsequent events have been disclosed to the auditors.
• D)Management's opinion as to the effectiveness of its internal control over financial reporting.

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Definitions:

Interests

Refers to the preferences or desires individuals or groups have, which often guide their actions and decisions.

Positions

The locations or roles assigned to individuals or things in relation to others within a structure, system, or context.

BATNA

Best Alternative To a Negotiated Agreement; the best course of action that a party can take if negotiations fail and an agreement cannot be reached.

Negative Assessment

A critical evaluation or judgment that implies a lack of success, quality, or desirability.