During a review,the auditor is required to obtain written representations from management.Which of the following is not one of the required elements of the representation?
A) Management's responsibility for the fair presentation of the financial statements.
B) Management's belief that it has answered all inquiries fully and truthfully.
C) Management has made all adjustments identified during the review.
D) Management has disclosed information about subsequent events.

Question

Quizplus · Accepted Answer

The representation required from management is regarding their responsibility for the fair presentation of the financial statements, their belief that they have answered all inquiries truthfully, and their disclosure of information about subsequent events. While management is responsible for making necessary adjustments identified during the review, this is not explicitly one of the required elements of the representation.

During a Review,the Auditor Is Required to Obtain Written Representations