A written representation from a client'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 client's lawyer.

Question

Quizplus · Accepted Answer

The chief executive officer and the chief financial officer are the most appropriate signatories for a written representation that acknowledges responsibility for the fair presentation of financial statements, as they are the highest-ranking executives within the organization with direct responsibility for financial reporting. The chairman of the board of directors and the chairman of the audit committee may also play a role in overseeing financial reporting, but the CEO and CFO are the most directly responsible parties. The client's lawyer is unlikely to have a role in providing such a representation.

A Written Representation from a Client's Management That,among Other Matters,acknowledges