When an audit is made in accordance with the auditing standards, the independent auditor must:
A)utilise statistical sampling.
B)confirm receivables at year-end.
C)obtain certain written representations from management.
D)sight all fixed assets on the balance date.

Question

Quizplus · Accepted Answer

Obtaining certain written representations from management is a requirement of the auditing standards, as it provides evidence to support the auditor's opinion. Utilising statistical sampling or confirming receivables at year-end may be part of the audit procedures, but they are not mandatory requirements. Sighting all fixed assets on the balance date may also be a procedure, but it is not always possible or practical to do so.

When an Audit Is Made in Accordance with the Auditing