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Im abit confused between those two terms
For written representation, it’s statement by mgmt however correspondence is from third parties ?
This means correspondence and written representations are the statements but written representations are from management while correspondence is from indicating people other than management ?
According to ISAs there is audit documentation (ISA 230) in general. Specific ISAs call for some very specific communication from the auditor to management/TCWG – for example, “engagement letter” (ISA 210), “written representations” (ISA 580). These are therefore technical terms, as is “direct confirmation”.
Correspondence just has the everyday English meaning “co-respond” i.e. an exchange of letters. A business will have correspondence files (which can of course be electronic for e-mail) for customers/suppliers which, as you say are generally 3rd parties (but would include related parties) but also with legal advisors – which might be a department and so internal.
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