A CPA wishes to use a representation letter as a substitute for performing other audit procedures.Doing so:
A)Violates professional standards.
B)Is acceptable,but should only be done when cost justified.
C)Is acceptable,but only for non-public clients.
D)Is acceptable and desirable under all conditions.

Question

Quizplus · Accepted Answer

Using a representation letter as a substitute for performing other audit procedures is not acceptable and violates professional standards. The auditor is required to perform sufficient and appropriate audit procedures to obtain reasonable assurance about whether the financial statements are free from material misstatement, and relying solely on a representation letter does not meet this requirement.

A CPA Wishes to Use a Representation Letter as a Substitute