When performing a review (SSARS review) of financial statements, the accountant is required to obtain a letter of representation from management.

Question

Quizplus · Accepted Answer

This statement is true. As part of a SSARS review, the accountant is required to obtain written representation from management regarding the completeness and accuracy of the financial statements and related disclosures. This is typically done through a letter of representation, which the accountant will review as part of their overall assessment of the financial statements.

When Performing a Review (SSARS Review) of Financial Statements, the Accountant