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Written representation SA- 580

When will the auditor ask general written representation from mgmt ?


Venkateswarlu Venky

Venkateswarlu Venky

CA Inter

2K+

02-Feb-21 19:29

39

Answers (4)

There are two stages of Written Representation. 1.Specific - Taken during the audit for specific matters to support audit evidence. 2.General - Taken before conclusion of audit i.e before the audit opinion is issued.


Madhaan S

Madhaan S

CA Inter

12K+

03-Feb-21 21:02

There are two â??typesâ?? of representations: (i) â??generalâ?? representations obtained from management, in which management acknowledges its responsibility and accountability for the financial statements; and, (ii) â??specificâ?? representations, which may provide audit evidence on certain assertions. The general written representation from management is signed following the completion of audit fieldwork, and before the financial statements are issued along with the auditor's opinion.


Madhuri Veluri

Madhuri Veluri

Moderator

04-Feb-21 10:19

Is it sufficient that reading of definitions which are displayed while explaining is sufficient for exam for standards on audity Or we have to read the long long answers


Tarun Vadapalli

Tarun Vadapalli

CA Inter

345

23-Feb-21 19:31

Is it sufficient that reading of definitions which are displayed while explaining is sufficient for exam for standards on audity Or we have to read the long long answers

You can refer to the notes after the class. Also make short notes while listening to lectures.


Suraj Lakhotia

Suraj Lakhotia

Admin

23-Feb-21 21:29

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