Which of the following is least likely to be included in a client's representation letter? A)No events have occurred subsequent to the balance sheet date that require adjustment to,or disclosure in,the financial statements. B)The company has complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of noncompliance. C)Management acknowledges responsibility for illegal actions committed by employees. D)Management has made available all financial statements,including notes.

Question

Quizplus · Accepted Answer

It is highly unlikely that management would acknowledge responsibility for illegal actions committed by employees in a representation letter. The other choices are typically included in a representation letter.

Which of the Following Is least Likely to Be Included