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purpose of written representation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › purpose of written representation

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Kim Smith.
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  • April 18, 2019 at 8:23 am #513358
    foeldh123
    Member
    • Topics: 168
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    • ☆☆☆

    may i know what is the purpose of written representation for the audit evidence ? maybe like a short example ?

    if possible, when we mention audit evidence, can we write as “written representation from the management explaining why 15 years of useful lives is reasonable for ABC brand” ?

    does it make sense that written representation can be made by the management to explain the reason of using years of useful lives ?

    April 18, 2019 at 11:39 am #513380
    Kim Smith
    Keymaster
    • Topics: 102
    • Replies: 6942
    • ☆☆☆☆☆

    This is assumed knowledge of AA. Please check the notes/lectures for AA if you need a refresher.
    Written representation alone is never sufficient. There would have to be evidence or a lack of contrary evidence. If 15 years includes forecasts/plans what is management ‘s history for delivering on forecasts /plans?

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