Which of the following is true about written representations?

A. They are the best source of audit evidence
B. They should be used only when there is a lack of other substantive audit evidence
C. They should be used only when there is other substantive audit evidence to complement it
D. Shareholders receive a copy of all material written representations

Correct Answer: They should be used only when there is a lack of other substantive audit evidence ✔

Last Updated: July 28, 2019