Which of the following is true about written representations?
AShareholders receive a copy of all material written representations
BThey are the best source of audit evidence
CThey should be used only when there is other substantive audit evidence to complement it
DThey should be used only when there is a lack of other substantive audit evidence
Correct answer
D. They should be used only when there is a lack of other substantive audit evidence
Explanation
They should be used only when there is a lack of other substantive audit evidence is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.