What is the primary purpose of obtaining written representations?
A) To provide auditors substantive evidence of important assertions.
B) To impress upon management its primary responsibility for the financial statements.
C) To allow auditors to communicate important internal control deficiencies to management.
D) To allow auditors to communicate important suggestions for improvement to management.

Question

Quizplus · Accepted Answer

The primary purpose of obtaining written representations is to impress upon management its primary responsibility for the financial statements. Written representations are formal statements made by management to the auditor, which provide assurance that the information presented in the financial statements is accurate and complete. By obtaining these representations, auditors emphasize to management the importance of their role in the financial reporting process and encourage them to take ownership of the financial statements. The other options do not accurately reflect the primary purpose of obtaining written representations.

What Is the Primary Purpose of Obtaining Written Representations