Auditing and Assurance Services 1st Edition by Iris Stuart

Exercise 23

A purpose of a management representation letter is to reduce a. Audit risk to an aggregate level of misstatement that could be considered material.
B) An auditor's responsibility to detect material misstatement that could be considered material.
C) The possibility of a misunderstanding concerning management's responsibility for the financial statements.
D) The scope of an auditor's procedures concerning related party transactions and subsequent events.