Section Written Representations - Auditing Standard ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report (October 2025) - Written Representations

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Written Representations

The auditor shall obtain written representations from management and, where appropriate, those charged with governance that: (Ref: Para. A193–A194)
1. They acknowledge their responsibility for the design, implementation, and maintenance of internal control to prevent or detect fraud and have appropriately fulfilled those responsibilities;
2. They have disclosed to the auditor the results of management’s assessment of the risk that the financial report may be materially misstated as a result of fraud;
3. They have disclosed to the auditor their knowledge of any fraud or suspected fraud, including allegations of fraud, affecting the entity involving:
  1. Management;
  2. Employees who have significant roles in internal control; or
  3. Others where the fraud could have an effect on the financial report; and
4. They have disclosed to the auditor their knowledge of suspected fraud, including allegations of fraud, affecting the entity’s financial report communicated by employees, former employees, analysts, regulators, or others.