Auditors are required to obtain a letter of representation that describes management's planned solutions to all internal control weaknesses identified during an audit.

Question

Quizplus · Accepted Answer

A letter of representation from management typically includes acknowledgments of responsibility for the financial statements and disclosures, confirmation of the completeness of information provided, and information about subsequent events, among other things, but it does not require management to describe their planned solutions to all internal control weaknesses identified during an audit.

Auditors Are Required to Obtain a Letter of Representation That