ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

متابعة

Management representations might take the form of letter from the auditors acknowledged and signed by directors. True or False?

user-image
تم إضافة السؤال من قبل Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
تاريخ النشر: 2016/02/16
Fathi Matbaq
من قبل Fathi Matbaq , Senior Purchasing Officer , Alghanim Industries

False, because management assertions are directly related to generally accepted accounted principles or IFRS, as they are part of the criteria that management uses to record and disclose accounting information in financial statements. In other word, management representation is already provided along with all financial statements prepared by them.

Abu Bakar Ashfaq
من قبل Abu Bakar Ashfaq , Senior Consultant , PricewaterhouseCoopers Middle East

Its false. As per ISA 580 definitions,  written representation should be provided by management to the auditor.