Hall accepted an engagement to audit the year 1 financial statements of XYZ Company.XYZ completed the preparation of the year 1 financial statements on February 13,year 2,and Hall began the audit work on February 17,year 2.Hall completed the audit work on March 24,year 2,and completed the report on March 28,year 2.The client's representation letter normally would be dated:
A)February 13,year 2.
B)February 17,year 2.
C)March 24,year 2.
D)March 28,year 2.

Question

Quizplus · Accepted Answer

The client's representation letter should be dated as close as possible to the completion of the audit work, which in this case was March 24, year 2. This ensures that the letter reflects the most up-to-date information regarding the financial statements and any representations made by management. Choices A, B, and D do not reflect the appropriate timing for the representation letter.

Hall Accepted an Engagement to Audit the Year 1 Financial