During a review the auditor is required to obtain written representations from management.Which of the following is NOT one of the required elements of the representation?
A)Management's responsibility for the fair presentation of the financial statements
B)Management's belief that it has answered all inquiries fully and truthfully
C)Management has made all adjustments identified during the review
D)Management has disclosed information about subsequent events

Question

Quizplus · Accepted Answer

The required elements of the representation include management's responsibility for the fair presentation of the financial statements, management's belief that it has answered all inquiries fully and truthfully, and management's disclosure of information about subsequent events. However, management is not required to state that it has made all adjustments identified during the review in the written representation.

During a Review the Auditor Is Required to Obtain Written