Written Representations

Free CPA AUD (Auditing & Attestation) lesson in Performing Further Procedures and Obtaining Evidence. 13 min read, ~1,986 words.

AU-C 580 requires the auditor to obtain a written representation letter at the end of every audit. Two purposes: confirm management has fulfilled its responsibilities and confirm specific assertions about the FS (subsequent events, related parties, going concern, litigation, fraud). Form: written, addressed to the auditor, signed by those with...