When considering the use of management's written representations as audit evidence about the completeness assertion, an auditor should understand that such representations:
A) Complement, but do not replace, substantive procedures designed to support the assertion.
B) Constitute sufficient evidence to support the assertion when considered in combination with a moderate assessed level of control risk.
C) Are generally sufficient audit evidence to support the assertion regardless of the assessed level of control risk.
D) Replace the assessed level of control risk as evidence to support the assertions.

Question

Quizplus · Accepted Answer

Management's written representations can be used to support the completeness assertion, but they should not be used as the sole evidence. The auditor should still perform substantive procedures to support the assertion. Therefore, choice A is the correct option as it correctly states that written representations complement, but do not replace, substantive procedures.

When Considering the Use of Management's Written Representations as Audit