Question

Which of the following statements ordinarily is not included among the written client representations made by the chief executive officer and the chief financial officer?
A) "Sufficient audit evidence has been made available to the auditor to permit the issuance of an unqualified opinion."

B) "There are no unasserted claims or assessments that our lawyer has advised us are probable of assertion and must be disclosed."

C) "We have no plans or intentions that may materially affect the carrying value or classification of assets and liabilities."

D) "No events have occurred subsequent to the balance sheet date that would require adjustment to, or disclosure in, the financial statements."

Answer 1

Answer : Option "B"

Written representation – 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.

Therefore the unasserted claims or assessments that our lawyer has advised should not include in written representation and remaining all the statements can be included in the the written representation by the clients