Document ID: chunk:federal_register_of_legislation:F2023C00330:reg:10:p3
Version: federal_register_of_legislation:F2023C00330
Segment Type: reg
Provision Reference: reg 10 (pt 3/14)
Character Range: 14828–18100

framework; or the preparation of a financial report that gives a true and fair view in accordance with the applicable financial reporting framework.

Requirements

Management from whom Written Representations are Requested

9.                   The auditor shall request written representations from management with appropriate responsibilities for the financial report and knowledge of the matters concerned.  (Ref: Para. A2‑A6)

Written Representations about Management's Responsibilities

Preparation of the Financial report

10.               The auditor shall request management to provide a written representation that it has fulfilled its responsibility for the preparation of the financial report in accordance with the applicable financial reporting framework, and other statutory reporting requirements, including where relevant their fair presentation, as set out in the terms of the audit engagement.[2] (Ref: Para. A7‑A9, A14, A22)

Information Provided and Completeness of Transactions

11.               The auditor shall request management to provide a written representation that:

(a)                It has provided the auditor with all relevant information and access as agreed in the terms of the audit engagement;[3] and

(b)                All transactions have been recorded and are reflected in the financial report.  (Ref: Para. A7‑A9, A14, A22)

Description of Management's Responsibilities in the Written Representations

12.               Management's responsibilities shall be described in the written representations required by paragraphs 10 and 11 of this Auditing Standard in the manner in which these responsibilities are described in the terms of the audit engagement.

Other Written Representations

13.               Other Auditing Standards require the auditor to request written representations.  If, in addition to such required representations, the auditor determines that it is necessary to obtain one or more written representations to support other audit evidence relevant to the financial report or one or more specific assertions in the financial report, the auditor shall request such other written representations.  (Ref: Para. A10‑A14, A22)

Date of and Period(s) Covered by Written Representations

14.               The date of the written representations shall be as near as practicable to, but not after, the date of the auditor's report on the financial report.  The written representations shall be for all the financial report(s) and period(s) referred to in the auditor's report.  (Ref: Para. A15‑A18)

Form of Written Representations

15.               The written representations shall be in the form of a representation letter addressed to the auditor.  If law or regulation requires management to make written public statements about its responsibilities, and the auditor determines that such statements provide some or all of the representations required by paragraphs 10 or 11 of this Auditing Standard, the relevant matters covered by such statements need not be included in the representation letter.  (Ref: Para. A19‑A21)

Doubt as to the Reliability of Written Representations and Requested Written Representations Not Provided

Doubt as to the Reliability of Written Representations

16.               If