A management representation letter is usually obtained at what time during the audit?
A)Before the engagement begins.
B)At the beginning of the audit.
C)At the audit report date.
D)At the interim,or as control deficiencies are discovered.

Question

Quizplus · Accepted Answer

A management representation letter is typically obtained at the audit report date, after the auditor has gathered sufficient evidence to support their opinion on the financial statements. However, auditors may request additional representations from management throughout the audit process if significant control deficiencies are identified. It is not obtained before the engagement begins or at the beginning of the audit, as the auditor may not have gathered sufficient evidence at that point.

A Management Representation Letter Is Usually Obtained at What Time