What is the primary purpose of obtaining written representations?
A)To provide auditors with substantive evidence of important assertions.
B)To impress upon management its primary responsibility for the financial statements.
C)To allow auditors to communicate important internal control deficiencies to management.
D)To allow auditors to communicate important suggestions for improvement to management.

Question

Quizplus · Accepted Answer

The primary purpose of obtaining written representations is to impress upon management its primary responsibility for the financial statements. Written representations provide evidence that the financial statements are fairly presented and that management has fulfilled its responsibilities. The other options (A, C, D) are not the primary purpose of obtaining written representations.

What Is the Primary Purpose of Obtaining Written Representations