Reference no: EM132923809
Human capital is a large investment for any organization. Management of this capital is a necessary task to ensure strong return on the investment. Human resource management requires strong strategy to effectively and efficiently achieve goals, objectives, and - in turn - better performance. The strategy, management program, and all other human resource activity are then required to determine relevant dimensions of performance and the impact on the company's success (Cania, 2014).Human capital is a large investment for any organization. Management of this capital is a necessary task to ensure strong return on the investment. Human resource management requires strong strategy to effectively and efficiently achieve goals, objectives, and - in turn - better performance. The strategy, management program, and all other human resource activity are then required to determine relevant dimensions of performance and the impact on the company's success (Cania, 2014).Human capital is a large investment for any organization. Management of this capital is a necessary task to ensure strong return on the investment. Human resource management requires strong strategy to effectively and efficiently achieve goals, objectives, and - in turn - better performance. The strategy, management program, and all other human resource activity are then required to determine relevant dimensions of performance and the impact on the company's success (Cania, 2014).
question:
Towards the end of an audit, it is common for the external auditor to seek a letter of representation (written representations) from the management of the client company.
Required:
(a) Explain why auditors seek letters of representation
(b) List the matters commonly included in the letter of representation
(c) Explain why it is important to discuss the content of the letter of representation at an early stage during the audit.
(d) Explain why management is sometimes unwilling to sign a letter of representation and describe the actions an external auditor can take if management refuses to sign a letter of representation.