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Discuss the importance of the management representation

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Question - During the completion stage of the audit, it is required for the firm to obtain written representations from the auditee before issuing the finalized audit report.

Discuss the following regarding the management representation letter.

1. Discuss the importance of the management representation letter from the auditee's perspective, and from the auditor's perspective.

2. What should be the date of the management representation letter?

3. Discuss 3 specific elements which must be included in the management representation letter, and why those elements are important to have in the letter.

Reference no: EM132672696

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