The letter of representation obtained from an audit client should be
A) dated as of the end of the period under audit.
B) dated as of the audit report date.
C) dated as of any date decided upon by the client and auditor.
D) dated as of the issuance of the financial statement.

Question

Quizplus · Accepted Answer

The letter of representation obtained from an audit client should be dated as of the audit report date. This ensures that the client has provided representations that are accurate and complete as of the date of the auditor's report, which is the date when the auditor expresses an opinion on the financial statements. It also helps to limit the risk of subsequent events that may impact the financial statements.

The Letter of Representation Obtained from an Audit Client Should