Which of the following is not one of the categories of items included in the letter of representation?
A) subsequent events
B) completeness of information
C) recognition, measurement, and disclosure
D) materiality

Question

Quizplus · Accepted Answer

The letter of representation (or management representation letter) typically includes categories such as subsequent events, completeness of information, and recognition, measurement, and disclosure. Materiality, while a crucial concept in auditing and accounting, is not a category of items included in the letter of representation. The letter is meant to confirm certain aspects of the financial statements and related disclosures, rather than to discuss the concept of materiality itself.

Which of the Following Is Not One of the Categories