SA 580 Written Representation Podcast | Audit Podcast by Neeraj Arora

In this podcast, we will be discussing about SA 580 Written Representation.

A written representation is a written statement by management provided to the auditor to confirm certain matters or to support other audit evidence. Written representations in this context do not include financial statements, the assertions therein, or supporting books and records.

Written representations are an important source of audit evidence.

SA 580- Written representations deals with the auditor's responsibility to obtain written representations from management and, where appropriate, those charged with governance.

Objectives of auditor in accordance with SA 580-

• To obtain Written Representations

• To support other evidence

• To respond appropriately

Podcast covers more about SA 580 Written Representation -

• From whom Written representations are requested by auditor?

• Written representations about management's responsibilities

• Why Written representations about management responsibilities are necessary?

• Description of management's responsibilities in the Written representations

• Other Written representations

• Additional Written representations about information provided to the auditor

• Written representations about specific assertions

• Date of and Period(s) covered by Written Representations

• Form of Written representations

• Doubt as to the reliability of Written representations

• Requested Written representations not provided

• Disclaimer of opinion in case of non-reliability of Written Representations about management's responsibilities or failure to provide such Written Representations

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❤️ Neeraj Arora

और हाँ, सीखते रहें, क्यूँकि सीखना शुरू तो जीतना शुरू 🚀

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