Which of the following would the auditor find most useful in relation to its previous audit procedures from the client representation letter?
A) to impress upon the audit firm its responsibility for the audit
B) to impress upon management its responsibility for the financial statement assertions
C) to remind management of potential misstatements or omissions in the financial statements
D) to document the responses from management to inquiries about various aspects of the audit

Question

Quizplus · Accepted Answer

The client representation letter is a document provided by management to the auditor that summarizes the discussions and understandings between the auditor and management. It includes statements from management regarding the financial statements, internal controls, and other matters. The most useful information for the auditor would be the documented responses from management to inquiries about various aspects of the audit, as this would provide the auditor with written confirmation of the information provided by management during the audit. Answers A, B, and C all relate to the overall purpose of the client representation letter, but do not specifically address the question of which information would be most useful to the auditor in relation to its previous audit procedures.

Which of the Following Would the Auditor Find Most Useful