Homework Help is Here – Start Your Trial Now!
Business
Accounting
Which one of the following statements is not included in the management representation letter provided to the auditor at the end of the audit? ○ It is the management’s responsibility to prepare financial statement and design and maintain effective internal control over financial reporting. The management has provided all necessary information and documents to the auditor to enable the auditor to complete the audit. O Any remaining misstatements in the financial statements are immaterial. O There is no material weakness in internal control over financial reporting.

Which one of the following statements is not included in the management representation letter provided to the auditor at the end of the audit? ○ It is the management’s responsibility to prepare financial statement and design and maintain effective internal control over financial reporting. The management has provided all necessary information and documents to the auditor to enable the auditor to complete the audit. O Any remaining misstatements in the financial statements are immaterial. O There is no material weakness in internal control over financial reporting.

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 40RQSC
See similar textbooks
icon
Related questions
Question
Which one of the following statements is not included in the management representation letter provided to the auditor at the end of the audit? O It is the management’s responsibility to prepare financial statement and design and maintain effective internal control over financial reporting. O The management has provided all necessary information and documents to the auditor to enable the auditor to complete the audit. O Any remaining misstatements in the financial statements are immaterial. O There is no material weakness in internal control over financial reporting.
Transcribed Image Text:Which one of the following statements is not included in the management representation letter provided to the auditor at the end of the audit? O It is the management’s responsibility to prepare financial statement and design and maintain effective internal control over financial reporting. O The management has provided all necessary information and documents to the auditor to enable the auditor to complete the audit. O Any remaining misstatements in the financial statements are immaterial. O There is no material weakness in internal control over financial reporting.
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Legal, Regulatory and Professional Obligations of Auditors
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q…
Auditing: A Risk Based-Approach to Conducting a Q…
Accounting
ISBN:
9781305080577
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
South-Western College Pub
SEE MORE TEXTBOOKS