ASA 580 - Management Representations - April 2006
EXAMPLE OF A MANAGEMENT REPRESENTATION LEXAMPLE OF A MANAGEMENT REPRESENTATION LETTER
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EXAMPLE OF A MANAGEMENT REPRESENTATION LETTER
This Appendix provides additional explanatory guidance and/or illustrative examples to assist auditors with the application of the mandatory requirements of the Auditing Standard, but does not form part of or add to those mandatory requirements.
The following letter is not intended to be a standard letter. Representations by management will vary from one entity to another and from one period to the next.
Although seeking representations from management on a variety of matters, a management representation letter may serve to focus management’s attention on those matters, and thus cause management to specifically address those matters in more detail than would otherwise be the case. The limitations of management representations as audit evidence are set out in this Auditing Standard.