When using management's written representations as audit evidence about the completeness assertion,an auditor should consider 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 a moderate assessed level of control risk.
C)Are generally sufficient audit evidence to support the assertion regardless of the assessed level of control risk.
D)Replace the assessed level of control risk as evidence to support the assertions.

Question

Quizplus · Accepted Answer

Management's written representations can provide additional support for the completeness assertion, but they should not be relied upon solely without additional substantive procedures. The auditor should still perform substantive procedures to gather sufficient evidence about the completeness of the financial statements. Therefore, Choice A is the best answer. Choices B, C, and D are not accurate as written representations alone cannot provide sufficient evidence to support the completeness assertion, replace an assessed level of control risk, or be considered generally sufficient audit evidence.

When Using Management's Written Representations as Audit Evidence About the Completeness