(TCO K) For which of the following matters should an auditor obtain written mana

Question

(TCO K) For which of the following matters should an auditor obtain written management representations? Select one of the below situations and explain your response.
       (a) Management’s cost-benefit justifications for correcting internal control weaknesses.
       (b) Management’s knowledge of future plans that may affect the price of the entity’s stock.
       (c) Management’s knowledge of allegations of fraud or suspected fraud affecting the entity.
       (d) Management’s acknowledgment of its responsibilities for employee’s violations of laws. Auditing and Assurance Services

Explanation / Answer

(b) Management’s knowledge of future plans that may affect the price of the entity’s stock.

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