Management Representation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2010
Hi,
I would like to know when can a auditor ask for a management representation.
I would like to know when can a auditor ask for a management representation.
24 December 2010
The letter is required at the completion of the audit fieldwork and prior to issuance of opinion / report on the financial statements of an auditee.
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2010
Hello sir,
Thanks for the reply.But i still have few doubts.Well this is purely my understanding please correct me if i am wrong. I think we ask for management representations from clients when they have a better knowledge about something like as in the case holding of an investment short term or long term where the intention of the client is involved or in the case of related parties...
Thanks for the reply.But i still have few doubts.Well this is purely my understanding please correct me if i am wrong. I think we ask for management representations from clients when they have a better knowledge about something like as in the case holding of an investment short term or long term where the intention of the client is involved or in the case of related parties...
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