A principal purpose of a letter of
representation from management is to
a. Serve as an introduction to company
personnel and an authorization to
examine the records.
b. Discharge the auditor from legal liability
for his examination.
c. Confirm in writing management's
approval of limitations on the scope of
the audit.
d. Remind management of its primary
responsibility for financial
statements.
representation from management is to
a. Serve as an introduction to company
personnel and an authorization to
examine the records.
b. Discharge the auditor from legal liability
for his examination.
c. Confirm in writing management's
approval of limitations on the scope of
the audit.
d. Remind management of its primary
responsibility for financial
statements.