The management representation letter is to be dated
A)as of the last day of fieldwork;the date of the audit report
B)as of the date of the financials statements
C)the date the financial report is issued
D)as of the date that management completes the letter

Question

Quizplus · Accepted Answer

The management representation letter is usually dated as of the last day of fieldwork, which is usually the end of the audit. This helps to ensure that the representations made by management are accurate up to the point at which fieldwork concludes. Additionally, the letter should be dated before the auditor's report is issued, as it is meant to be a representation of management's understanding of the financial statements at that time, and not after.

The Management Representation Letter Is to Be Dated