Which of the following statements ordinarily is included among the written management representations obtained by the auditor?
A) Compensating balances and other arrangements involving restrictions on cash balances have been disclosed.
B) Management acknowledges responsibility for illegal actions committed by employees.
C) Sufficient evidential matter has been made available to permit the issuance of an unqualified opinion.
D) Management acknowledges that there are no material weaknesses in the account balances.

Question

Quizplus · Accepted Answer

Management representations typically include disclosures about compensating balances and restrictions on cash, as these are relevant to the financial statements.

Which of the Following Statements Ordinarily Is Included Among the Written