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Written Representations SA 580

Sir/ma'am I'm not able to interpret this sentence! How should I understand this?

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sindhu anandi

sindhu anandi

CA Inter

580

18-Mar-21 15:39

42

Answers (2)

It means "just because management states in written representations auditor should not just rely on that but do his audit procedures to get audit evidence to ascertain assertions , for example management gives in representation that there is no contingent liability, auditor need not stop there, he should check legal fees, notices issued or board minutes etc to ascertain there are no contingent liabilities"


sudha reddy

sudha reddy

Moderator

19-Mar-21 10:30

Thank you mam I understood


sindhu anandi

sindhu anandi

CA Inter

580

19-Mar-21 10:59