A written representation from an entity's management that, among other matters, acknowledges responsibility for the fair presentation of financial statements should normally be signed by the:
A)chief executive officer and the chief financial officer.
B)chief financial officer and the chairman of the board of directors.
C)chairman of the audit committee of the board of directors.
D)chief executive officer, the chairman of the board of directors and the entity's lawyer.

Question

Quizplus · Accepted Answer

The written representation regarding the responsibility for the fair presentation of financial statements should normally be signed by the entity's top management, which includes the chief executive officer and the chief financial officer. These individuals are responsible for managing the entity and are best placed to provide such a representation.

A Written Representation from an Entity's Management That, Among Other