Tougher Standards for Management Statements.
International Standard on Auditing 580 (Revised and Redrafted), Written Representations, requires the auditor to request management to provide written representations that it has fulfilled its responsibility for the preparation and presentation of the financial statements, has provided the auditor with all the relevant information, and that all transactions have been recorded and are reflected in the financial statements.
Learn more at www.ifac.org/MediaCenter/?q=node/view/555.
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|Title Annotation:||International Auditing and Assurance Standards Board|
|Article Type:||Brief article|
|Date:||Jun 1, 2008|
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