Questions from Auditing and Assurance

Q: Why are written representation and attorney letters obtained near the end of

Why are written representation and attorney letters obtained near the end of the evidence gathering process and dated on the date of the auditor’s report?

Q: How should auditors respond if the client refuses to furnish written representations

How should auditors respond if the client refuses to furnish written representations?

Q: What responsibility do auditors have for evaluating a client’s ability to continue

What responsibility do auditors have for evaluating a client’s ability to continue as a going concern?

Q: Why are adjusting entries and note disclosures labeled “proposed”?

Why are adjusting entries and note disclosures labeled “proposed”?

Q: What is a subsequent event?

What is a subsequent event?

Q: What are subsequently discovered facts?

What are subsequently discovered facts?

Q: What is a management letter? Are management letters required by generally

What is a management letter? Are management letters required by generally accepted auditing standards?

Q: What date should be used on the auditors’ report?

What date should be used on the auditors’ report?

Q: For what reasons do auditors obtain an understanding of a client’s internal

For what reasons do auditors obtain an understanding of a client’s internal control?

Q: If a scope limitation exists but auditors are able to perform alternative

If a scope limitation exists but auditors are able to perform alternative procedures, how is the standard (unmodified) report modified to reflect the scope limitation?