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

Moderator

19-Mar-21 10:30

Thank you mam I understood

sindhu anandi

CA Inter

★ 580

19-Mar-21 10:59