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What options does audit firm have in the situation

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Reference no: EM132808010

Assume you are the audit manager on an audit engagement for a first-time audit client. During the final stages of the audit, you inform the CFO that your firm requires a written management representation letter before the audit report can be released. The CFO states that the client will not provide the letter and provides no additional details.

Problem 1: What options does your audit firm have in this situation and what course of action would you take?

Reference no: EM132808010

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