Because a management representation letter is a written statement from a nonindependent source, it cannot be regarded as reliable evidence.

Question

Quizplus · Accepted Answer

A management representation letter is a statement from the management of a company, and as the management is not an independent source, the letter is not considered reliable evidence. It can be used to provide additional corroboration of other evidence, but it cannot stand alone as evidence.

Because a Management Representation Letter Is a Written Statement from a Nonindependent