Written representation SA- 580

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

CA Final

★ 14K+

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

CA Inter

★ 2K+

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

Vadapalli Venkata Tarun

CA Inter

★ 345

23-Feb-21 19:31

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

CA Suraj Lakhotia

Admin

23-Feb-21 21:29